Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 3): Surveillance Report
On 21 May 2021, DBRS Ratings GmbH (DBRS Morningstar) confirmed its BBB (high) ratings of the obbligazioni bancarie garantite (OBG; the Italian legislative covered bonds) issued under the EUR 3,000,000,000 Banca Carige S.p.A. Covered Bonds Programme (the Programme). This rating action follows the completion of a full review of the Programme.Concurrently, DBRS Morningstar discontinued its rating on Series 641 (ISIN IT0005347734), which was repaid on 27 May 2020.
As of 21 May 2021, there were two series of OBG, guaranteed by Carige Covered Bond S.r.l., totalling an outstanding nominal amount of EUR 485 million under the Programme.
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