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S&P shifts Cajamar Caja bond view to stable
S&P said it revised the outlook for Cajamar Caja Rural SSC’s mortgage covered bonds to stable from negative and affirmed the AA rating.
The rating actions follow S&P’s Nov. 26 rating actions on subsidiaries of Grupo Cooperativo Cajamar, the agency said.
“The stable outlook on Cajamar Caja Rural’s mortgage covered bonds reflects that on the issuer and the fact that any rating action on the issuer would result in a rating action on the covered bonds, all other things being equal,” S&P said in a press release.
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