Credit Rating Report

Sparkasse zu Lübeck AG Covered Bonds (Pfandbriefe – Mortgages): Rating Report

Covered Bonds

Summary

DBRS Morningstar assigned a AA rating to the Series 1 Pfandbriefe (the German legislative covered bonds) issued under the Sparkasse zu Lübeck AG Mortgage Pfandbrief programme. For insight beyond the rating, see the rating report.

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