CaixaBank S.A. Covered Bonds (Cédulas Hipotecarias - Mortgages): Surveillance Report

On 15 January 2020, DBRS Morningstar confirmed its AAA ratings on the outstanding Cédulas Hipotecarias (CH or the Spanish mortgage covered bonds) issued under the the CaixaBank S.A. Covered Bonds programme (CaixaBank CH or the Programme). This rating action follows the completion of a full review of the ratings. At the same time, DBRS Morningstar discontinued its rating on Cedulas Hipotecarias - ES0414970402, which matured on 4 June 2019. For insight beyond the ratings, see the surveillance report.