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Ratings Affirmed On Deutsche Postbank's Public Sector Covered Bonds
Standard & Poors, April 2010
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.
OVERVIEW Today's rating actions follow the application of our revised criteria for assessing asset-liability mismatch risk in covered bonds. We have affirmed and removed from CreditWatch negative our ratings on Deutsche Postbank's public sector covered bonds. We have also assigned a stable outlook to the ratings on these bonds. FRANKFURT (Standard & Poor's) April 22, 2010--Standard & Poor's Ratings Services today affirmed and removed from CreditWatch negative its 'AAA' long-term and 'A-1+' short-term credit ratings on Deutsche Postbank AG's public sector covered bonds (Oeffentliche Pfandbriefe). At the same time, we have assigned a stable outlook to these bonds (see ratings list below). Today's affirmations follow the application of our updated covered bond criteria (see "Revised Methodology And Assumptions For Assessing...
Companies mentioned in this report are: Deutsche Postbank AG
Action: Outlook: Stable
Action: Removed From CreditWatch
Deutsche Postbank AG