MBH JELZÁLOGBANK NYILVÁNOSAN MUKÖDO RÉSZVÉNYTÁRSASÁG Extraordinary announcement about S&P rating of covered bonds issued by Takarék Mortgage Bank
Takarék Mortgage Bank Co. Plc. (number and date of the incorporation: 01-10-043638, 18.03.1998, head office:
H-1117 Budapest, Magyar Tudósok körútja 9. G. ép.) (hereinafter: "Issuer", or "Bank") informs its esteemed investors and other market participants about the following.
S&P Global Ratings (Madrid) announced on January 26, 2023 that it placed on CreditWatch positive its 'BBB' credit ratings on Takarék Mortgage Bank Co. Plc's Hungarian mortgage covered bond program and related issuances.
The above decision reflects S&P's view that following the improvement in its assessment on the issuer's creditworthiness, the covered bonds could be eligible for collateral-based uplift based on further analysis above the current rating, which reflects the covered bonds' jurisdiction-supported rating level (JRL) of 'bbb'.
January 26, 2023, Budapest
Takarék Mortgage Bank Co. Plc.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Takarek Jelzalogbank Nyrt. published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 17:12:08 UTC.
