Research Update: Depfa Bank And Core Operating Subsidiaries 'BBB/A-2' Ratings Affirmed On Bank Criteria Change; Outlook Stable Dec 11
- Language: English
- Published: December 2011
OVERVIEW Today's rating actions follow the application of our revised criteria for assessing asset-liability mismatch risk in covered bonds. We have affirmed and removed from CreditWatch developing our 'AA' ratings on Depfa ACS Bank's public-sector covered bonds. We have also assigned a stable outlook to the covered bonds issued under the covered bond program. FRANKFURT (Standard & Poor's) Aug. 16, 2010--Standard & Poor's Ratings Services today affirmed and removed from CreditWatch developing its 'AA' credit ratings on Depfa ACS Bank's (BBB/Watch Pos/A-2) public-sector covered bonds ("asset-covered securities"; ACS). At the same time, we have assigned a stable outlook to these public-sector covered bonds (see ratings list below). Today's affirmations follow the application of our updated covered bond criteria (see "Revised...
Companies mentioned in this report are:
- Depfa ACS Bank
Action: Outlook: Stable
Action: Removed From CreditWatch
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Research type: News
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- Depfa ACS Bank