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BULLETIN: Helaba Grandfathered Short-Term Ratings Unaffected By State Downgrade Nov 05
Standard & Poors, Nov 2005
Abstract
FRANKFURT (Standard & Poor's) Nov. 30, 2005--Standard & Poor's Ratings Services said today that the 'A-1+' short-term ratings on the grandfathered short-term obligations of Landesbank Hessen-Thueringen Girozentrale (Helaba; A/Stable/A-1) and its subsidiary Helaba Dublin Landesbank Hessen-Thueringen International (Helaba Dublin; A/Stable/A-1) are not affected by the downgrade of Helaba's grandfathered long-term unsecured obligations to 'AA' from 'AA+', which followed the downgrade of the State of Hesse (see related research update entitled 'Helaba Ratings On Grandfathered Obligations Cut To 'AA' After State Downgrade', published yesterday on RatingsDirect, Standard & Poor's Web-based credit analysis system). Standard & Poor's has not assigned ratings to any individual outstanding grandfathered short-term obligation of Helaba or Helaba Dublin. Nevertheless, grandfathered short-term unsecured obligations might still be outstanding...
Companies mentioned in this report are: Landesbank Hessen-Thueringen Girozentrale,Helaba Dublin Landesbank Hessen-Thueringen International
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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