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Wednesday, 17 October 2012 14:00

TEXT-fitch affirms Montepio's covered bonds at 'BBB-'

Written by  Reuters: Company News
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Oct 17 - Fitch Ratings has affirmed Caixa Economica Montepio Geral's (Montepio, 'BB'/Negative/'B') Obrigacoes Hipotecarias (OH, mortgage covered bonds) at 'BBB-', Negative Outlook following a periodic review of the programme. The rating is based on Montepio's Long-term Issuer Default Rating (IDR) of 'BB', the Discontinuity Cap (D-Cap) of 0 (full discontinuity) and the overcollateralisation (OC) of 35% that Fitch takes into account in its analysis. In terms of sensitivity of the covered bonds'

Read more http://feeds.reuters.com/~r/reuters/companyNews/~3/xwIPZPveLSg/idUSWNA772120121017

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