UK Covered bonds are typically rated by at least one and up to three of the main rating agencies Fitch, Moody’s and Standard &Poors.
Details of the respective rating agency approach and methodologies can be found through the links below:
Member programmes rated by Fitch are: Barclays, Clydesdale Bank, Coventry BS, HSBC, Leeds BS, Lloyds, Nationwide, Nat West Bank, Santander UK, Skipton BS and Yorkshire BS.
Fitch Ratings: www.fitchratings.com/site/coveredbonds
Contact details: Cosme de Montpellier, cosme.demontpellier@fitchratings.com
Member programmes rated by Moody’s are: Barclays, Clydesdale Bank, Coventry BS, HSBC, Leeds BS, Lloyds, Nationwide, Nat West Bank, Santander UK, Skipton BS, TSB and Yorkshire BS.
Moody’s: www.moodys.com/coveredbonds
Contact details: Edward Manchester , Edward.Manchester@moodys.com
Member programmes rated by Standard &Poors are: Barclays, Nationwide and Santander UK,
Standard &Poors: http://www.spglobal.com/ratings/en/sector/structured-finance/covered-bonds
Contact details:Adriano Rossi, Adriano.rossi@spglobal.com
Methodologies
Further details of regarding the ratings methodologies of the Ratings Agencies listed above can be found in Chapter IV of the ECBC Fact Book. You can access the fact book on the following link. http://www.hypo.org/ecbc/publications/fact-book/