{"text_format":"5","workbook":"xlsx","n_sheets":4,"sheets":["Report","ISIN list","Definitions","Disclaimer"],"props":{"creator":"Patajalo, Mariuxi","last_modified_by":"Patajalo, Mariuxi","company":"Vereine Creditreform"},"defined_names":["cd","CurrencyDistribution","payment_method_list","payment_method_list","payment_method_list","payment_method_list","payment_method_list","programm_type","programm_type","programm_type","programm_type","programm_type","ratings","ratings","ratings","ratings","ratings","SNL_name","type_cb_list","type_cb_list","type_cb_list","type_cb_list","type_cb_list"],"not_rendered":{"charts":4,"images":1,"external_links":3,"defined_names":27},"read":"whole","date_system":"1900"}

{"sheet":"Report","index":0,"n_rows":105,"n_cols":7,"rows_kept":105,"merged":[[4,0,4,7],[5,0,5,1],[5,3,5,4],[5,5,5,7],[6,0,6,1],[6,3,8,4],[6,5,6,7],[7,0,7,1],[7,5,7,7],[8,0,8,1],[8,5,8,7],[9,0,9,1],[9,3,11,4],[9,5,9,7],[10,0,10,1],[10,5,10,7],[11,0,11,1],[11,5,11,7],[12,0,12,1],[13,0,13,7],[14,0,14,2],[14,3,14,7],[15,0,15,1],[15,3,15,4],[15,5,15,7],[16,0,16,1],[16,3,16,4],[16,5,16,7],[17,0,17,1],[17,3,17,4],[17,5,17,7],[18,0,18,1],[18,3,18,4],[18,5,18,7],[19,0,19,1],[19,3,19,4],[19,5,19,7],[20,0,20,1],[20,3,20,7],[21,0,21,1],[21,3,21,4],[21,5,21,7],[22,0,22,1],[22,3,22,4],[22,5,22,7],[23,0,23,1],[23,3,23,4],[23,5,23,7],[25,0,25,7],[26,0,26,2],[26,3,26,7],[27,0,27,1],[27,3,27,4],[27,5,27,7],[28,0,28,1],[28,3,28,4],[28,5,28,7],[29,0,29,1],[29,3,29,4],[29,5,29,7],[30,0,30,2],[30,3,30,7],[31,0,31,1],[31,3,31,4],[31,5,31,7],[32,0,32,1],[32,3,32,4],[32,5,32,7],[33,0,33,1],[33,3,33,4],[33,5,33,7],[34,0,34,1],[34,3,34,4],[34,5,34,7],[35,0,35,1],[35,3,35,4],[35,5,35,7],[37,0,37,2],[37,3,37,7],[50,0,50,2],[50,3,50,7],[66,0,66,2],[66,3,66,7],[67,4,67,5],[67,6,67,7],[68,4,68,5],[68,6,68,7],[69,4,69,5],[69,6,69,7],[70,4,70,5],[70,6,70,7],[71,4,71,5],[71,6,71,7],[72,4,72,5],[72,6,72,7],[73,4,73,5],[73,6,73,7],[74,4,74,5],[74,6,74,7],[75,4,75,5],[75,6,75,7],[77,0,77,2],[77,3,77,7],[78,4,78,5],[78,6,78,7],[79,4,79,5],[79,6,79,7],[80,4,80,5],[80,6,80,7],[81,4,81,5],[81,6,81,7],[82,4,82,5],[82,6,82,7],[83,4,83,5],[83,6,83,7],[84,4,84,5],[84,6,84,7],[85,4,85,5],[85,6,85,7],[86,4,86,5],[86,6,86,7],[87,4,87,5],[87,6,87,7],[88,4,88,5],[88,6,88,7],[89,4,89,5],[89,6,89,7],[90,4,90,5],[90,6,90,7],[91,4,91,5],[91,6,91,7],[92,4,92,5],[92,6,92,7],[93,4,93,5],[93,6,93,7],[94,4,94,5],[94,6,94,7],[97,0,97,2],[102,0,102,2],[103,0,103,1],[104,0,104,1]],"headers":{"footer":["© Creditreform Rating AG"]}}
["Creditreform Covered Bond Rating"]
["Bayerische Landesbank Girozentrale"]
["Public Sector Covered Bond Program"]
[]
["Rating Object"]
["Country Issuer",null,"Germany","Repayment method",null,"Hard Bullet"]
["Cover pool asset class",null,"Public Sector","Overcollateralization ",null,{"v":0.02,"d":" Min (2.00%)"}]
["Legal framework",null,"German Pfandbrief Act",null,null,{"v":0.2468117779145195,"d":"Current (24.68%)"}]
["Nominal value   ",null,{"v":18167.257,"d":"EUR 18,167.26 m."},null,null,"Committed (NA)"]
["Cover pool value",null,{"v":22651.15,"d":"EUR 22,651.15 m."},"Covered bonds coupon type",null,{"v":0.8959999999999999,"d":"Fix (89.60%)"}]
["WAL maturity covered bonds",null,{"v":7,"d":"7.00 (Years)"},null,null,{"v":0.10400000000000005,"d":"Floating (10.40%)"}]
["WAL maturity cover pool",null,{"v":8,"d":"8.00 (Years)"},null,null,{"v":0,"d":"Other (0.00%)"}]
["Cut-off date Covered Pool Information:",null,"30.09.2019"]
["Rating Overview"]
["Rating Summary",null,null,"Credit Risk Metrics"]
["Issuer",null,"Bayerische Landesbank","Metrics date",null,"2018-12-10"]
["LT Issuer Rating",null,"A-","Rating Case Default Rate",null,{"v":0.1719,"d":"17.19%"}]
["ST Issuer Rating",null,"L2","Rating Case Recovery Rate",null,{"v":0.3603,"d":"36.03%"}]
["+Legal and regulatory framework analysis",null,{"v":4,"d":"+4 Notches"},"Expected Loss",null,{"v":0.10996442999999999,"d":"11.00%"}]
["+Liquidity and refinancing risk",null,{"v":1,"d":"+1 Notch"},"Rating Case Breakeven OC",null,{"v":0.1471,"d":"14.71%"}]
["= Rating after 1st uplift",null,"AA+","Program Key Counterparties"]
["Cover Pool & cash flow analysis",null,"AAA","Servicer",null,"NA"]
["+ 2nd rating uplift ",null,"+1 Notch","Account Bank",null,"NA"]
["Rating covered bond program / Outlook",null,"AAA / Stable","Sponsor",null,"NA"]
[]
["Cover Assets Composition"]
["General Information",null,null,{"$f":"IF(programm_type=\"Mortgage\", \"Property Type\", \"Breakdown by type of Assets\")","v":"Breakdown by type of Assets"}]
["Cover Pool Balance",null,{"v":22651.15,"d":"EUR 22,651.15 m."},"Loans",null,{"v":21317.65,"d":"EUR 21,317.65 m."}]
[" Average Seasoning",null,"NA","Bonds",null,{"v":1020,"d":"EUR 1,020.00 m."}]
["Total number of exposures",null,{"v":87001,"d":"87,001"},"Other",null,{"v":0,"d":"EUR 0.00 m."}]
["Distribution by type of asset",null,null,{"$f":"IF(programm_type=\"Mortgage\", \"Distribution by Loan size\",\"Distribution by Debtor size\")","v":"Distribution by Debtor size"}]
["Mortgages",null,{"v":0,"d":"EUR 0.00 m."},"Average Size Loans (EUR k.)",null,{"v":256.7516465327985,"d":"257"}]
["Public Sector ",null,{"v":22337.65,"d":"EUR 22,337.65 m."},"Sovereigns (EUR m.)",null,{"v":1936.541,"d":"1,937"}]
["Shipping",null,{"v":0,"d":"EUR 0.00 m."},"Regional/federal authorities (EUR m.)",null,{"v":9146.963,"d":"9,147"}]
["Substitute Assets",null,{"v":313.5,"d":"EUR 313.50 m."},"Local/municipal authorities (EUR m.)",null,{"v":9736.297,"d":"9,736"}]
["Other (Derivates)",null,{"v":0,"d":"EUR 0.00 m."},"Others (EUR m.)",null,{"v":1517.849,"d":"1,518"}]
[]
["Asset-liability Profile",null,null,"Interest Rate "]
{"$rows_empty":12}
["Arrears Distribution",null,null,"Seasoning Distribution"]
{"$rows_empty":11}
["Creditreform Covered Bond Rating"]
["Bayerische Landesbank"]
["Public Sector Covered Bond Program"]
[]
["LTV Distribution Commercial Loans",null,null,"LTV Distribution Residential Loans"]
["LTV","Nominal","% Loans","LTV","Nominal",null,"% Loans"]
[">0 - <=40 %","NA","NA",">0 - <=40 %","NA",null,"NA"]
[">40 - <=50 %","NA","NA",">40 - <=50 %","NA",null,"NA"]
[">50 - <=60 %","NA","NA",">50 - <=60 %","NA",null,"NA"]
[">60 - <=70 %","NA","NA",">60 - <=70 %","NA",null,"NA"]
[">70 - <=80 %","NA","NA",">70 - <=80 %","NA",null,"NA"]
[">80 - <=90 %","NA","NA",">80 - <=90 %","NA",null,"NA"]
[">90 - <=100 %","NA","NA",">90 - <=100 %","NA",null,"NA"]
[">100%","NA","NA",">100%","NA",null,"NA"]
[]
["Currency Distribution ",null,null,{"$f":"\"Loan Distribution by Regions (as % of total \"&IF(programm_type=\"Mortgage\",\"Mortgages)\",\"Public Sector assets)\")","v":"Loan Distribution by Regions (as % of total Public Sector assets)"}]
["Currency","Covered Bonds","Cover Assets","Region","% of Public Sector assets"]
["EUR",{"v":16990.436,"d":"16,990.44 m."},{"v":21780.33,"d":"21,780.33 m."},"NA","NA"]
["AUD",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["BRL",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["CAD",{"v":0,"d":"0.00 m."},{"v":18.578,"d":"18.58 m."},"NA","NA"]
["CHF",{"v":0,"d":"0.00 m."},{"v":3.769,"d":"3.77 m."},"NA","NA"]
["CZK",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["DKK",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["GBP",{"v":674.02,"d":"674.02 m."},{"v":576.587,"d":"576.59 m."},"NA","NA"]
["HKD",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["JPY",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["KRW",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["NOK",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["PLN",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["SEK",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["SGD",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."},"NA","NA"]
["USD",{"v":502.801,"d":"502.80 m."},{"v":271.888,"d":"271.89 m."},"NA","NA"]
["Other",{"v":0,"d":"0.00 m."},{"v":0,"d":"0.00 m."}]
[]
["Swap Counterparties"]
["Name","Type of arrangement","LEI"]
["NA","NA","NA"]
["NA","NA","NA"]
["NA","NA","NA"]
["Swap Agreements"]
["Interest Rate Swap ",null,"NA"]
["Currency Swap ",null,"NA"]

{"sheet":"ISIN list","index":1,"n_rows":63,"n_cols":6,"rows_kept":63,"headers":{"footer":["© Creditreform Rating AG"]}}
["Creditreform Covered Bond Rating"]
["Bayerische Landesbank"]
["Public Sector Covered Bond Program"]
[]
["ISIN Lists"]
["Issuer","ISIN","Coupon Type","Coupon Rate (%)","Issue date","Maturity date"]
["Bayerische Landesbank","DE000BLB2JD2","Floating","EIEUR6M + 0.1","2013-08-30","2023-08-30"]
["Bayerische Landesbank","DE000BLB2TY7","Fix",{"v":1.5,"d":"1.50"},"2014-06-16","2023-06-16"]
["Bayerische Landesbank","DE000BLB3B94","Fix",0.75,"2015-05-13","2025-05-13"]
["Bayerische Landesbank","DE000BLB51D5","Floating","EIEUR3M + 0.6","2018-04-27","2022-04-27"]
["Bayerische Landesbank","DE000BLB6H46","Fix",{"v":1.625,"d":"1.63"},"2013-04-18","2023-04-18"]
["Bayerische Landesbank","DE000BLB6JE1","Fix",{"v":0.625,"d":"0.63"},"2018-07-17","2027-07-19"]
["Bayerische Landesbank","DE000BLB2520","Fix",1.05,"2014-09-23","2023-02-23"]
["Bayerische Landesbank","DE000BLB2FV2","Fix",1.75,"2013-06-26","2021-09-15"]
["Bayerische Landesbank","DE000BLB2LQ0","Fix",1.75,"2013-10-28","2021-05-28"]
["Bayerische Landesbank","DE000BLB2V67","Fix",1.15,"2014-08-25","2023-08-25"]
["Bayerische Landesbank","DE000BLB4Q39","Fix",0.65,"2016-09-22","2031-09-22"]
["Bayerische Landesbank","DE000BLB5FD3","Fix",{"v":0.8,"d":"0.80"},"2018-02-28","2026-04-22"]
["Bayerische Landesbank","DE000BLB6H95","Fix",{"v":0.875,"d":"0.88"},"2015-09-10","2025-09-10"]
["Bayerische Landesbank","DE000BLB6JH4","Fix",0.75,"2019-02-05","2029-02-05"]
["Bayerische Landesbank","DE000BLB12F2","Fix",4.29,"2015-12-02","2026-12-02"]
["Bayerische Landesbank","DE000BLB25P3","Fix",{"v":0.7,"d":"0.70"},"2014-09-12","2021-09-13"]
["Bayerische Landesbank","DE000BLB2GZ1","Fix",{"v":1.5,"d":"1.50"},"2013-07-23","2020-07-23"]
["Bayerische Landesbank","DE000BLB2SC5","Fix",{"v":1.125,"d":"1.13"},"2014-04-29","2020-04-29"]
["Bayerische Landesbank","DE000BLB2WB9","Fix",1.15,"2014-08-29","2024-08-29"]
["Bayerische Landesbank","DE000BLB4YF2","Fix",{"v":0.1,"d":"0.10"},"2017-03-16","2021-12-20"]
["Bayerische Landesbank","DE000BLB6JC5","Fix",0.75,"2018-01-19","2028-01-19"]
["Bayerische Landesbank","DE000BLB2F59","Fix",1.75,"2013-07-02","2021-01-15"]
["Bayerische Landesbank","DE000BLB2HS4","Fix",{"v":1.8,"d":"1.80"},"2013-08-16","2021-08-16"]
["Bayerische Landesbank","DE000BLB2L36","Fix",{"v":1.5,"d":"1.50"},"2013-11-12","2019-11-12"]
["Bayerische Landesbank","DE000BLB2UH0","Fix",{"v":0.8,"d":"0.80"},"2014-06-30","2020-06-30"]
["Bayerische Landesbank","DE000BLB6H53","Fix",1.75,"2014-04-08","2024-04-08"]
["Bayerische Landesbank","DE000BLB0TR5","Fix",{"v":1.7,"d":"1.70"},"2013-03-15","2021-12-15"]
["Bayerische Landesbank","DE000BLB2538","Fix",1.25,"2014-09-24","2024-06-24"]
["Bayerische Landesbank","DE000BLB2MM7","Fix",{"v":1.5,"d":"1.50"},"2013-11-26","2020-11-26"]
["Bayerische Landesbank","DE000BLB2VB1","Fix",1.15,"2014-07-22","2022-07-22"]
["Bayerische Landesbank","DE000BLB4S78","Fix",0.55,"2016-11-18","2027-02-18"]
["Bayerische Landesbank","DE000BLB6224","Fix",3.25,"2010-04-22","2020-04-22"]
["Bayerische Landesbank","DE000BLB7AA6","Fix",{"v":3,"d":"3.00"},"2010-11-11","2020-12-11"]
["Bayerische Landesbank","DE000BLB03H7","Fix",{"v":1,"d":"1.00"},"2013-04-15","2022-04-14"]
["Bayerische Landesbank","DE000BLB12G0","Fix",{"v":4.295,"d":"4.30"},"2015-12-02","2027-12-02"]
["Bayerische Landesbank","DE000BLB2850","Fix",{"v":0.6,"d":"0.60"},"2015-02-12","2025-02-12"]
["Bayerische Landesbank","DE000BLB2H24","Fix",2.25,"2013-08-23","2023-08-23"]
["Bayerische Landesbank","DE000BLB2TQ3","Fix",{"v":1.625,"d":"1.63"},"2014-06-06","2024-06-06"]
["Bayerische Landesbank","DE000BLB35M9","Fix",0.25,"2016-08-05","2026-08-05"]
["Bayerische Landesbank","DE000BLB4YG0","Fix",0.35,"2017-03-16","2023-12-20"]
["Bayerische Landesbank","DE000BLB6H38","Fix",{"v":2,"d":"2.00"},"2012-07-11","2022-07-11"]
["Bayerische Landesbank","DE000BLB6JD3","Fix",{"v":0.5,"d":"0.50"},"2018-03-19","2025-03-19"]
["Bayerische Landesbank","DE000BLB2F83","Floating","EIEUR6M + 0.04","2013-07-04","2020-07-03"]
["Bayerische Landesbank","DE000BLB2JB6","Fix",{"v":2,"d":"2.00"},"2013-08-27","2021-12-27"]
["Bayerische Landesbank","DE000BLB2LF3","Fix",{"v":2.3,"d":"2.30"},"2013-10-23","2023-10-23"]
["Bayerische Landesbank","DE000BLB2V59","Fix",{"v":1,"d":"1.00"},"2014-08-25","2022-08-25"]
["Bayerische Landesbank","DE000BLB6H61","Fix",{"v":1,"d":"1.00"},"2014-07-09","2021-07-09"]
["Bayerische Landesbank","DE000BLB12E5","Fix",{"v":4.285,"d":"4.29"},"2015-12-02","2025-12-02"]
["Bayerische Landesbank","DE000BLB2579","Floating","EIEUR6M + 0.03","2014-09-26","2024-09-26"]
["Bayerische Landesbank","DE000BLB2G09","Fix",1.75,"2013-07-23","2021-07-23"]
["Bayerische Landesbank","DE000BLB2QB1","Fix",1.55,"2014-02-25","2022-02-25"]
["Bayerische Landesbank","DE000BLB2VC9","Fix",{"v":0.8,"d":"0.80"},"2014-07-22","2020-09-22"]
["Bayerische Landesbank","DE000BLB4VD3","Fix",{"v":0.5,"d":"0.50"},"2017-01-12","2026-01-12"]
["Bayerische Landesbank","DE000BLB6JB7","Fix",0.75,"2016-01-20","2026-01-20"]
["Bayerische Landesbank","DE000BLB03J3","Floating","EIEUR1Y - 0.05","2013-04-18","2023-04-18"]
["Bayerische Landesbank","DE000BLB29P5","Fix",0.55,"2015-03-03","2024-11-04"]
["Bayerische Landesbank","DE000BLB2H99","Fix",{"v":2,"d":"2.00"},"2013-08-26","2022-08-26"]

{"sheet":"Definitions","index":2,"n_rows":41,"n_cols":3,"rows_kept":41,"merged":[[5,0,5,2]],"headers":{"footer":["© Creditreform Rating AG"]}}
["Creditreform Covered Bond Rating"]
["Bayerische Landesbank"]
["Public Sector Covered Bond Program"]
[]
["Data Definitions"]
[]
["Field Name","Source","Definition"]
["Cover pool asset class","Issuer","The asset type in the cover pool (public sector assets or mortgage assets)"]
["Legal framework","CRA","The set of legislative and regulatory rules of the respective jurisdiction that regulates the covered bonds (CB) program"]
["Nominal value   ","Issuer","The total amount of outstanding covered bonds as of cut-off date expressed in millions"]
["Cover pool value","Issuer","Aggregate value of all assets in the cover pool as of cut-off date expressed in millions  "]
["WAL maturity covered bonds","Issuer","The weighted average remaining maturity of all outstading covered bonds in years"]
["WAL maturity cover pool","Issuer","The weighted average remaining maturity of all outstading covered assets in years"]
["Repayment method","Issuer","Hard Bullet: Covered bonds are repaid on the maturiry date which cannot be extended\nSoft Bullet: The maturity date of the covered bonds can be extended by a fixed period\nConditional pass-through (CPT): Covered bonds with a scheduled maturity date, and an extension mechanism defined by certain conditions"]
["Overcollateralization ","Issuer","Current OC: The proportion of covel assets that exceeds the proportion of currrently outstanding covered bonds, calculated as ([Cover pool value]/[outstanding covered bonds]-1)*100 \nMin OC: The OC level that the issuer must maintain according to the respective CB legislation\nCommitted OC: The minimum OC level that the issuer has committed to maintain  "]
["Covered bonds coupon type","Issuer","Type of interest rate paid on covered bonds, expressed as a percentage of bond's face value"]
["LT Issuer Rating","CRA","Long-term ratings assess the default risks for each category of a bank’s financial instruments \nwith a residual term-to-maturity of more than one year"]
["ST Issuer Rating","CRA","Short-term ratings assess the default risks for each category of a bank’s financial instruments \nwith a residual term-to-maturity of less than one year"]
["Legal and regulatory framework analysis","CRA","A qualitative assessement of legislative and regulatory rules of the covered bonds program"]
["Liquidity and refinancing risk","CRA","A qualitative assessement of regulatory requirements for liquidity and refinancing risk of the covered bonds program"]
["First rating uplift","CRA","The rating after adding up the notches from Legal and regulatory framework analysis and  Liquidity and refinancing risk with LT Issuer rating"]
["Cover pool and cash flow analysis","CRA","The quantitative assessment of the cover assets and covered bonds at different rating-level stressed scenarios"]
["Second rating upflift","CRA","The rating after adding up the notches from cash-flow analysis with 1st rating uplift (only effective if the rating from cash-flow analysis is higher than the 1st rating uplift)"]
["Metrics date","CRA","The date on which CRA assigned the initial / follow-up rating of the covered bond program "]
["Rating Case Default Rate (RDR)","CRA","Stressed default rate of the cover assets represented by the base case stressed scenario"]
["Rating Case Recovery Rate (RRR)","CRA","Stressed recovery rate of the defaulted assets represented by the base case stressed scenario"]
["Expected Loss","CRA","Stressed loss rate of the cover assets represented by the base case stressed scenario. The expected loss rate has been calculated as [RDR*(1-RRR)] [%]"]
["Rating Case Breakeven OC","CRA","The required stressed OC level compatible with the base case rating"]
["Average Seasoning","Issuer","Average length of the loans from the origination date to the cut-off date in months"]
["Loan Size","Issuer","Average size of the loans (i.e. Total value of cover assets / Number of loans)"]
["LTV","Issuer","The loan-to-value (LTV) is the ratio of a loan to the value of the property securing the loan"]
["LEI","CRA","Legal Entity Identifier (LEI) enables unique identification of legal entities in financial transactions"]
["Arrears Distribution","Issuer","The distrbution of arrears of the cover assets with respect to each asset class"]
["Seasoning Distribution","Issuer","The distrbution of seasoning of the cover assets with respect to each asset class"]
["Asset liability Profile","CRA","The maturity structure of the cover assets and liabilities "]
["% Residential Loans","Issuer","Outstanding value of loans that are secured by the residential property expressed as % of total outstadning loans in the cover pool"]
["% Commercial Loans","Issuer","Outstanding value of loans that are secured by the commercial property expressed as % of total outstadning loans in the cover pool"]
["Fixed Coupon","Issuer","All assets and liabilities in the covered bond program that yield a fixed interest rate"]
["Floating Coupon","Issuer","All assets and liabilities in the covered bond program that have variable interest rates"]
["EIEURxM","Reuters","Euro x Month EURIBOR"]
["EURSWExY","Reuters","Euro x Year Interest Rate Swap Fixing"]

{"sheet":"Disclaimer","index":3,"n_rows":5,"n_cols":1,"rows_kept":5,"merged":[[5,0,5,2]],"headers":{"footer":["© Creditreform Rating AG"]}}
["Creditreform Covered Bond Rating"]
["Bayerische Landesbank"]
["Public Sector Covered Bond Program"]
[]
["Disclaimer"]