Banco BPM Covered Bonds (OBG - Mortgages - Popolare Programme 1): Surveillance Report
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Summary
On February 11, 2022, DBRS Ratings GmbH (DBRS Morningstar) confirmed its “A” ratings on the Obbligazioni Bancarie Garantite (OBG; the Italian legislative covered bonds) issued under the Banco BPM Covered Bonds Programme 1 (Banco BPM OBG1 or the Programme). The rating action follows the completion of a full review of the Programme.