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Research Update: Helaba And 50 Savings Banks In Hesse And Thuringia 'A/A-1' Ratings Affirmed; Outlook Positive Apr 08 Product Image

Research Update: Helaba And 50 Savings Banks In Hesse And Thuringia 'A/A-1' Ratings Affirmed; Outlook Positive Apr 08

  • ID: 1788969
  • April 2008
  • Standard & Poors

FEATURED COMPANIES

  • Frankfurter Sparkasse
  • Kreissparkasse Limburg
  • Nassauische Sparkasse
  • Sparkasse Fulda
  • Sparkasse Laubach-Hungen
  • Sparkasse Starkenburg
  • MORE

Abstract
On April 22, 2008, Standard & Poor's Ratings Services affirmed its 'A' long-term and 'A-1' short-term counterparty credit ratings on the members of Germany's Sparkassen-Finanzgruppe Hessen-Thueringen (SFHT). Rated members of the SFHT are the 50 savings banks in the states of Hessen and Thuringia and their central institution Landesbank Hessen-Thueringen Girozentrale (Helaba). The outlook remains positive. The ratings affirmation and positive outlook reflect Helaba's improving earnings levels. They also reflect Helaba's and the savings banks' very limited direct exposure to the current dislocations in global financial markets. Helaba's earnings performance is underpinned by strong double-digit growth in operating profit in 2007, a strong pipeline of new business for 2008, low exposure to structured credit, and early indications of a successful...

Action: Affirmed
Action: Outlook: Positive

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

- Landesbank Hessen-Thueringen Girozentrale
- Helaba Dublin Landesbank Hessen-Thueringen International
- Sparkasse Altenburger Land
- Sparkasse Arnstadt-Ilmenau
- Sparkasse Bad Hersfeld-Rotenburg
- Sparkasse Battenberg
- Sparkasse Bensheim
- Stadtsparkasse Borken
- Stadt- und Kreis-Sparkasse Darmstadt
- Sparkasse Dieburg
- Sparkasse Dillenburg
- Kreissparkasse Eichsfeld
- Stadtsparkasse Felsberg
- Frankfurter Sparkasse
- Sparkasse Fulda
- Kreissparkasse Gelnhausen
- Sparkasse Gera-Greiz
- Sparkasse Giessen
- Kreissparkasse Gotha
- Stadtsparkasse Grebenstein
- Kreissparkasse Gross-Gerau
- Sparkasse Gruenberg
- Sparkasse Hanau
- Kreissparkasse Hildburghausen
- Sparkasse Jena-Saale-Holzland
- Kasseler Sparkasse
- Kyffhaeusersparkasse
- Sparkasse Langen-Seligenstadt
- Sparkasse Laubach-Hungen
- Kreissparkasse Limburg
- Sparkasse Marburg-Biedenkopf
- Sparkasse Mittelthueringen
- Nassauische Sparkasse
- Kreissparkasse Nordhausen
- Sparkasse Oberhessen
- Sparkasse Odenwaldkreis
- Staedtische Sparkasse Offenbach am Main
- Sparkasse Rhoen-Rennsteig
- Kreissparkasse Saale-Orla
- Kreissparkasse Saalfeld-Rudolstadt
- Kreissparkasse Schluechtern
- Kreissparkasse Schwalm-Eder
- Stadtsparkasse Schwalmstadt
- Sparkasse Sonneberg
- Sparkasse Starkenburg
- Taunus-Sparkasse
- Sparkasse Unstrut-Hainich
- Sparkasse Waldeck-Frankenberg
- Wartburg-Sparkasse
- Kreissparkasse Weilburg
- Sparkasse Werra-Meissner
- Sparkasse Wetzlar

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