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BULLETIN: Ratings On German RMBS Unaffected By BHW AG's CreditWatch Negative Placement Nov 05
Standard & Poors, Nov 2005
Abstract
FRANKFURT (Standard & Poor's) Nov. 1, 2005-Standard & Poor's Ratings Services said today that its credit ratings in several German RMBS transactions, which are directly related to BHW Bausparkasse AG, Hameln (BHW B), are unaffected by BHW B's recent CreditWatch negative placement (see transaction list below). On Oct. 25, 2005, Standard & Poor's placed its 'A-' long-term counterparty credit rating on BHW B on CreditWatch with negative implications, following an announcement by Deutsche Postbank AG to acquire BHW Holding AG, parent company to BHW B, effective from January 2006. The placement corresponds with the CreditWatch status of BHW B's expected new owner, Postbank. As Germany's second-largest private building savings bank, BHW B is the originator and servicer in numerous German...
Companies mentioned in this report are: PROVIDE BLUE 2005-1 PLC,BHW Bausparkasse AG Hameln,PROVIDE BLUE 2005-2 PLC
Action: Bulletin
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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