Report
Alessandra Maggiora ...
  • Christian Aufsatz
  • Covadonga Aybar
  • Simon Murphy

Fondo de Titulización Structured Covered Bonds UCI: Rating Report

DBRS finalised its provisional rating of A (high) (sf ) on the bond issued by Fondo de Titulización Structured Covered Bonds UCI (FT UCI SCB, UCI SCB or SCB) and backed by Unión de Créditos Inmobiliarios SA EFC Cédulas Hipotecarias (UCI CH or CH). The special purpose vehicle (SPV or the Issuer) was established in July 2019 under Spanish law to issue up to EUR 1.5 billion of bonds. The rating on the SPV bond addresses the ultimate payment of interest and principal on or before the fund legal maturity date.
Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Alessandra Maggiora

Christian Aufsatz

Covadonga Aybar

Simon Murphy

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