S&P confirms AAA rating for BKS cover stock

The rating agency S&P Global confirms the AAA rating of BKS Bank's hedged bond cover. The outlook is also maintained. "Confirming the rating is a strong evidence that we also achieve best results in an international comparison. It shows the first-class creditworthiness of our bond cover, says Nikolaus Juhász, CEO of BKS Bank. S&P Global sees as strength that the collateralization mainly consists of proven, first-class mortgage loans for Austrian…