• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
S&P Corrects By Withdrawing Rating On DZ BANK's Series 7293 Issuance Following Administrative Error Nov 10 Product Image

S&P Corrects By Withdrawing Rating On DZ BANK's Series 7293 Issuance Following Administrative Error Nov 10

  • ID: 1787036
  • November 2010
  • Standard & Poors

Abstract
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 We have now withdrawn the rating on DZ BANK's €25 million series 7293 issuance. FRANKFURT (Standard & Poor's) Nov. 8, 2010--Standard & Poor's Ratings Services has withdrawn its 'AAA' rating on Deutsche Zentral-Genossenschaftsbank AG's (DZ BANK) €25 million series 7293 issuance.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 We have now withdrawn the rating on this series and have corrected this in...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

Action: Withdrawn

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.

Note: Product cover images may vary from those shown

- DZ BANK AG Deutsche Zentral-Genossenschaftsbank

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS