S&P Corrects By Withdrawing Rating On DZ BANK's Series 7293 Issuance Following Administrative Error Nov 10
- ID: 1787036
- November 2010
- Standard & Poors
OVERVIEW Due to an administrative error, we assigned our 'AAA' covered bond rating and stable outlook to an issuance that is not a covered bond. We have now withdrawn the rating on DZ BANK's €25 million series 7293 issuance. FRANKFURT (Standard & Poor's) Nov. 8, 2010--Standard & Poor's Ratings Services has withdrawn its 'AAA' rating on Deutsche Zentral-Genossenschaftsbank AG's (DZ BANK) €25 million series 7293 issuance. The outlook at the time of withdrawal was stable. Due to an administrative error, we assigned a 'AAA' rating and stable outlook to DZ BANK's €25 million 3.57% series 7293, which is a structured note rather than a covered bond. We have now withdrawn the rating on this series and have corrected this in...
Companies mentioned in this report are:
- DZ BANK AG Deutsche Zentral-Genossenschaftsbank
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