Credit Rating Report

Santander Totta S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages): Surveillance Report

Covered Bonds

Summary

On 16 July 2021, DBRS Ratings GmbH (DBRS Morningstar) confirmed its AA (low) ratings on the Obrigações Hipotecárias (OH; the Portuguese legislative Covered Bonds) issued under the Banco Santander Totta S.A. EUR 12.5 billion OH programme (the Programme). The confirmation follows the completion of a full review of the Programme.

Concurrently, DBRS Morningstar discontinued its rating on Series 16, which matured on 24 February 2021.

Ratings

Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages)
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

Enjoying our exclusive insights?

Register for a free account to get unrestricted access to our in-depth research, presale and ratings reports, and more. Access is limited for unregistered users.