Credit Rating Report

Sparkasse zu Lubeck AG Covered Bonds (Pfandbriefe - Mortgages): Surveillance Report

Covered Bonds

Summary

DBRS Ratings GmbH (Morningstar DBRS) confirmed its AAA credit rating on the Series 3 Pfandbriefe issued under the Sparkasse zu Lübeck AG Mortgage Pfandbrief programme. Morningstar DBRS also discontinued its rating on Series 4, which was repaid early on 12 December 2022. The credit rating actions follow Morningstar DBRS’ full review of the programme.

Ratings

Sparkasse zu Lubeck AG Covered Bonds (Pfandbriefe - Mortgages)
  • Date Issued:Jan 19, 2024
  • Rating Action:Confirmed
  • Ratings:AAA
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Jan 19, 2024
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:EU
  • 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

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Issuers

Contacts

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