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A Healthier 2005 For Germany's Banks Points To Sustained Recovery Through 2006, Report Says Jan 06
Standard & Poors, Jan 2006
Abstract
FRANKFURT (Standard & Poor's) Jan. 26, 2005--2005 saw the health of the German banking system continue to improve on the back of reduced credit risk and significant restructuring efforts, said Standard & Poor's Ratings Services in report on the German banking system published today entitled 'Bank Industry Risk Analysis: Germany (Republic Of)' and in a separate article focusing on bank earnings entitled 'German Banks: Restructuring Headway And Economic Tailwind Point To Sustained Recovery In 2006.' Expectations of just such a gradual recovery after the trough in 2002/2003 have been underpinning the ratings on many German banks over the past four years. 'Helped by the more promising economic outlook for Germany in 2006, Standard & Poor's expects further positive momentum in...
Companies mentioned in this report are: Deutsche Bank AG,Dresdner Bank AG,Landesbank Hessen-Thueringen Girozentrale,Norddeutsche Landesbank Girozentrale (Unsolicited Ratings),WestLB AG (Unsolicited Ratings),Bayerische Landesbank,Germany (Federal Republic of) (Unsolicited Ratings),Commerzbank AG,UniCredit SpA,DZ BANK AG Deutsche Zentral-Genossenschaftsbank ,COREALCREDIT BANK AG,UniCredit Bank AG,BHW Bausparkasse AG Hameln,Landesbank Baden-Wuerttemberg,Sachsen Bank,Deutsche Postbank AG,Eurohypo AG,HSH Nordbank AG
Action: General Comment
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.
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