Covered bond issuance volume slightly decreased, but remained close to recent highs in 2024, and will likely remain elevated at about €140 billion in 2025. Our 2025 ratings outlook remains stable. Also, our Global Covered Bond Insights Dashboard presents interactive data on the core characteristics and risk indicators that we assess regularly in our analysis. Drill down and explore data on covered bond ratings and outlooks, and compare characteristics of mortgage and public sector covered bond programs from 18 jurisdictions.