Moody’s upgrades to A2 the rating of the covered bonds issued by Alpha Bank Romania

Deniza Cristian 13/04/2022 | 12:04

Rating agency Moody’s Investors Service upgraded by one notch, to A2 from A3, the rating of the covered bonds issued by Alpha Bank Romania.

 

The A2 rating reflects, among others, the high quality of Alpha Bank Romania’s mortgage portfolio, strong Romanian legal framework for covered bonds as well as the bank’s resilience and stability. The upgrade of the covered bonds rating follows the upgrade of the long-term deposit rating of Alpha Bank Romania.

The covered bond issuance launched in 2019 by Alpha Bank Romania on the local market is the first of its kind in Romania and is listed on the Luxembourg Stock Exchange and the Bucharest Stock Exchange.

By launching in 2019 the Mortgage Covered Bond Programme, Alpha Bank Romania has opened a new chapter in the development of the local financial and capital market. Mortgage bonds are a financing solution often found on international financial markets, through which the issuing bank aims at diversifying its financing sources, as well as at reducing their average cost, attracting new funds for the development and expansion of its activities.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Deniza Cristian | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue