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Research Update: Outlook On German Landesbank Helaba And 50 Savings Banks To Stable On Resilience In A Difficult Market; 'A/A-1' Affirmed Sep 10

  • ID: 1789089
  • September 2010
  • Region: Germany
  • Standard & Poors
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  • Frankfurter Sparkasse
  • Kreissparkasse Limburg
  • Naspa Dublin
  • Sparkasse Dillenburg
  • Sparkasse Hanau
  • Sparkasse Sonneberg
  • MORE

In our view, Germany-based Landesbank Hessen-Thueringen Girozentrale (Helaba) and the 50 regional savings banks, which together form the Sparkassen-Finanzgruppe Hessen-Thueringen (SFHT), continue to demonstrate resilience against the economic recession. We observe that the recovery in German markets appears more robust than we previously anticipated. We are therefore revising our outlooks on Helaba and the 50 savings banks to stable from negative and affirming our 'A/A-1' ratings. The stable outlook on SFHT reflects our expectation that Helaba's and the savings banks' financial profiles will remain relatively robust. On Sept. 16, 2010, Standard & Poor's Ratings Services revised its outlook on Germany-based Landesbank Hessen-Thueringen Girozentrale (Helaba) and the 50 savings banks in Hesse and Thuringia, which together form the Sparkassen-Finanzgruppe Hessen-Thueringen (SFHT),...

Action: Affirmed
Action: Outlook: Stable

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 READ MORE >

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- 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
- Naspa Dublin

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Note: Product cover images may vary from those shown