|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Intended Deutsche Postbank IPO Will Not Affect Ratings on Deutsche Post or Postbank
Standard & Poors, Sep 2003
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
FRANKFURT (Standard & Poor's) Sept. 29, 2003--Standard & Poor's Ratings Services said today that the announcement by Deutsche Post AG (A/Negative/A-1) that it will validate an IPO of Deutsche Postbank AG (A/Negative/A-1) within the next 18 months is unlikely to affect the ratings or outlook on either entity. Although Deutsche Post might reduce its current 100% stake in the bank in the wake of the potential IPO, it is expected to remain committed to Postbank. This is underpinned by Deutsche Post's assurance that it will maintain a majority holding for the foreseeable future, and that Postbank will retain its exclusive access to the Deutsche Post branch network. Standard & Poor's does not expect the IPO to alter Deutsche Post's above-average...
Companies mentioned in this report are: Deutsche Post AG,Deutsche Postbank AG
Action: S&P Event
|
|
|
|
