Caixa Geral de Depósitos (CGD) reported this Wednesday that Morningstar DBRS no longer assigns a rating to the bank’s covered bonds.
“On January 13, 2025, Morningstar DBRS ceased assigning ratings to covered bonds issued by Caixa for the term of the contract”, according to a statement issued to the Securities Market Commission (CMVM).
Last week, on January 9, the public bank announced that Fitch Ratings had ceased assigning ratings due to the end of the contract.
In the statement issued this Wednesday, Caixa recalls that it maintains the rating assessment of the debentures covered by Moody’s Ratings “which gives it the highest rating of Aaa”.
Source: www.jornaldenegocios.pt
