Scope Ratings has updated its rating report on Banco Santander S.A., rated AA- with Stable Outlook.

Scope has today withdrawn the AAA/Stable ratings on the Norwegian covered bonds issued by Totens Sparebank Boligkreditt AS for business reasons.

The rating on Bausparkasse Wüstenrot AG’s (Wüstenrot) Austrian mortgage Pfandbirefe reflects the issuer's credit strength enhanced by seven notches from governance and cover pool support. One notch buffer against an issuer downgrade.

The ratings are aligned with the Kingdom of Spain’s rating, reflecting the explicit, irrevocable, unconditional, and direct guarantee provided by the state on all of ICO’s liabilities.

The rating affirmation reflects continued robust operating and financial performance.

The rating affirmation reflects the continued robust performance of the bank’s business.

Scope Ratings has updated its rating report on Rogaland Sparebank Boligkreditt's mortgage covered bonds, rated AAA with Stable Outlook.

The rating on Rogaland Sparebank Boligkreditt's Norwegian covered bonds reflects the issuer rating enhanced by six notches from cover pool support. Stable outlook reflects the stable asset performance and two notches buffer against an issuer downgrade.

Rentenbank's rating is equalised with the Federal Republic of Germany's AAA sovereign credit rating.

Scope Ratings has updated its rating report on Hypo-Bank Burgenland AG, rated A- with Stable Outlook.