Credit Rating Report

Caixa Geral Depósitos S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages): Surveillance Report

Covered Bonds

Summary

DBRS Ratings GmbH (DBRS Morningstar) confirmed its AA ratings on the Obrigações Hipotecárias (the Portuguese legislative covered bonds) issued under Caixa Geral de Depósitos, S.A.’s covered bond programme. The confirmations follow the completion of DBRS Morningstar’s full review of the ratings.

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