S&P-rated cédulas all AAA after Caja Madrid upgrade

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S&P-rated cédulas all AAA after Caja Madrid upgrade

Caja Madrid yesterday (Wednesday) became only the second issuer to have its covered bonds upgraded by Standard & Poor’s upon implementation of the rating agency’s new methodology. This means that all cédulas, either single or multi-issuer, rated by S&P are now AAA.

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