Moody's has upgraded Coop Pank's covered bonds rating to Aa1

Moody's Investors Service has upgraded the rating of covered bonds issued by Coop Pank AS (Coop Pank) from Aa2 to Aa1.When upgrading the rating, the international rating agency Moody's has analyzed Coop Pank's covered bond issue, taking into account, among other things, the credit quality of the mortgage loans used as collateral, the issuer's activities and the Estonian legal framework, as well as market risks and the economic environment.Read more:...

Tallinn, 14/04/2025 (informazione.news - comunicati stampa - economia)

Moody's Investors Service has upgraded the rating of covered bonds issued by Coop Pank AS (Coop Pank) from Aa2 to Aa1.

When upgrading the rating, the international rating agency Moody's has analyzed Coop Pank's covered bond issue, taking into account, among other things, the credit quality of the mortgage loans used as collateral, the issuer's activities and the Estonian legal framework, as well as market risks and the economic environment.

Read more: https://ratings.moodys.com/ratings-news/441062

In March of this year, Coop Pank issued the first 250 million euros of 4-year covered bonds within the framework of the 750 million euro covered bond program. The covered bonds are listed on the Euronext Dublin stock exchange.

According to Paavo Truu, CFO of Coop Pank, the rating upgrade is a recognition of both Coop Pank and the Estonian financial system and the legal framework regarding covered bonds as a whole.

Additional information:
Paavo Truu
CFO
Phone: 5160 231
E-mail: paavo.truu@cooppank.ee