Although the covered bond asset class has drawn great interest from both investors and issuers in 2011, we caution against the popular belief that this type of bond is a rather generic and vanilla product. In this CreditMatters TV segment, Standard & Poor's Director Sabrina Miehs, of the Covered Bond Ratings Group, discusses the wide range of collateral types and diverse risks underlying different covered bond programs. She also explains our rating methodology and contrasts it with other possible approaches.
