S&P Global Ratings’ Covered Bonds Primer

25 June 2019

On 20 June 2019, S&P Global Ratings published its Covered Bonds Primer providing a comprehensive guide to the fundamentals and key features of the product.

More specifically, the report summarises the following:

– Definition of a covered bond;
– The benefits of covered bonds;
– The regulatory framework;
– Covered bonds versus securitisation;
– Covered bond program structures;
– Cover pool assets;
– Coverage tests;and
– S&P analytical approach

To read the full report, click here