ESG Industry Report Card For Covered Bonds Published

MADRID, Nov. 9, 2020 /PRNewswire/ -- S&P Global Ratings today published ESG Industry Report Card: Covered Bonds on RatingsDirect.

This report explores how environmental, social, and governance (ESG) credit factors influence the credit quality of our rated covered bond programs, including how and why ESG factors may have a more positive or negative influence on an entity's credit quality compared to sector peers or the broader sector.

ESG credit factors can influence the issuer's credit quality as well as other features relevant to our covered bond analysis, such as collateral pool characteristics or the relevant legal framework, due to the product's dual recourse nature.

Governance is the factor that influences covered bonds' credit quality in most instances, generally more negatively than positively.

Social and environmental considerations are currently less relevant, but we expect them to play a larger role in the future.

This report does not constitute a rating action.

The report is available to subscribers of RatingsDirect at www.capitaliq.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to research_request@spglobal.com. Ratings information can also be found on S&P Global Ratings' public website by using the Ratings search box located in the left column at www.standardandpoors.com. Alternatively, call one of the following S&P Global Ratings numbers: Client Support Europe (44) 20-7176-7176; London Press Office (44) 20-7176-3605; Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225; Stockholm (46) 8-440-5914; or Moscow (7) 495-783-4009.

Contact List

PRIMARY CREDIT ANALYST

 

Antonio Farina

Madrid

(34) 91-788-7226

antonio.farina @spglobal.com

PRIMARY CREDIT ANALYST

 

Marta Escutia

Madrid

+ 34 91 788 7225

marta.escutia @spglobal.com

PRIMARY CREDIT ANALYST


Casper R Andersen

Frankfurt

(49) 69-3399-9208

casper.andersen @spglobal.com




PRIMARY CREDIT ANALYST

 

Adriano Rossi

Milan

+ 390272111251

adriano.rossi@spglobal.com

ANALYTICAL MANAGER

 

Barbara Florian

Milan

(39) 02-72111-265

barbara.florian @spglobal.com

SECONDARY CONTACT

 

Ana Galdo

Madrid

(34) 91-389-6947

ana.galdo @spglobal.com          




SECONDARY CONTACT

 

Maria Luisa Gomez Grande

Madrid

(34) 91-788-7208

marisa.gomez@spglobal.com

SECONDARY CONTACT

 

Tristan Gueranger, CFA

London

+ 44 20 7176 3628

tristan.gueranger@spglobal.com

SECONDARY CONTACT

 

Andreas M Hofmann

Frankfurt

+ 49 693 399 9314

andreas.hofmann@spglobal.com




SECONDARY CONTACT 

 

Matteo Lanza

London

+ (44)2071766026

matteo.lanza@spglobal.com

SECONDARY CONTACT 

 

Calvin C Leong

Melbourne

(61) 3-9631-2142

calvin.leong@spglobal.com

SECONDARY CONTACT 

 

Natalie Swiderek

Madrid

(34) 91-788-7223

natalie.swiderek@spglobal.com




SECONDARY CONTACT    

 

Yalan Tao

Hong Kong

+ 852 2532 8033

yalan.tao@spglobal.com

SECONDARY CONTACT    

 

Judit O Woelk

Frankfurt

(49) 69-33-999-319

judit.woelk@spglobal.com


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For further information: Luke Shane, luke.shane@spglobal.com