Following a successful consultation phase, we are pleased to present our new rating methodology Issue rating of mortgage Pfandbriefe (version 2.0.00, December 2020).

The methodology for Issue rating of Mortgage Pfandbriefe is available at the following link.

GBB-Rating has already done its first issue rating for a German Hypotheken-Namenspfandbrief of ALTE LEIPZIGER Bauspar AG (ALB) in October 2020. Based on the experience gained from this first issue rating, the rating approach for mortgage Pfandbriefe has been revised and improved.

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To mark its 20th anniversary as well as the 75th anniversary of the United Nations, the UN Global Compact has launched the campaign "United in the Business of a Better World: A Statement from Business Leaders for Renewed Global Cooperation" in mid-August 2020. The campaign is aiming to increase the efforts of implementing the Sustainable Development Goals (SDGs) despite the Covid-19 pandemic. Furthermore, it calls for facing the major global challenges such as poverty, inequality and climate change together and consequently.

Together with more than 1,000 other CEOs of companies around the world, Bernd Bretschneider signed the call for renewed international cooperation on behalf of GBB-Rating and reaffirmed GBB-Rating's engagement to sustainable development. GBB-Rating has been participating in the UN Global Compact since 2018 and has committed to upholding and implementing the ten principles of the UN Global Compact

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Due to current developments and effects of the spread of the COVID-19 virus GBB-Rating employees are currently working in their home office. In individual cases this may result in limited availability. We apologise for any inconvenience.