August 2014

ASCB critises S&P

Standard & Poor's Ratings Services is refining and adapting its methodology and assumptions for assessing covered bond programs.

ASCB welcomes the publication of S&Ps Revised Methodology following an extended review period by the agency.

- We note that S&P has addressed some of the inadequacies of the original approach by allowing a greater degree of potential for an increase of the covered bond rating, says Tomas Tetzell, Chief Legal Officer, Association of Swedish Covered Bond issuers.

ASCB's Press Release

ASCB's RFC comment

The revised criteria (Standard & Poor´s web site)