Credit Rating Report

Kutxabank, S.A. Covered Bonds (Cédulas Hipotecarias - Mortgages): Rating Report

Covered Bonds

Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned AAA ratings to the Cédulas Hipotecarias (CH or Spanish Mortgage Covered Bonds) issued under the Kutxabank, S.A. Covered Bonds programme. The three outstanding CH, which total EUR 1.25 billion, have a fixed rate of interest.

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