Fondo de Titulización Structured Covered Bonds UCI: Rating Report

DBRS finalised its provisional rating of A (high) (sf ) on the bond issued by Fondo de Titulización Structured Covered Bonds UCI (FT UCI SCB, UCI SCB or SCB) and backed by Unión de Créditos Inmobiliarios SA EFC Cédulas Hipotecarias (UCI CH or CH). The special purpose vehicle (SPV or the Issuer) was established in July 2019 under Spanish law to issue up to EUR 1.5 billion of bonds. The rating on the SPV bond addresses the ultimate payment of interest and principal on or before the fund legal maturity date.