Erste Group Bank AG/Public Sector Covered Bonds

News

• 06.07.2021
  Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology „Institutional Protection Scheme Banks“. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Subsequently, the covered bond ratings will be reviewed and receive the rating supplement "watch" as well. Our revised rating methodologies can be found at www.creditreform-rating.de.
• 18.12.2020
  Creditreform Rating has lowered the rating of the public sector covered bonds of Erste Group Bank AG to AA+ from AAA, The outlook is stable.
  
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 28.03.2020
  Creditreform Rating has revised its outlook on all valid bank ratings, bank issues and covered bonds to watch negative from stable due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
• 30.01.2020
  Creditreform Rating has affirmed the rating of the public sector covered bonds of Erste Group Bank AG at AAA. The outlook is stable.
• 18.01.2019
  Creditreform Rating assigned a rating of AAA to the public sector covered bonds of Erste Group Bank AG. The outlook is stable.