• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Ratings Affirmed On Depfa ACS Bank's Public-Sector Covered Bonds Aug 10 Product Image

Ratings Affirmed On Depfa ACS Bank's Public-Sector Covered Bonds Aug 10

  • Published: August 2010
  • Standard & Poors

Abstract
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: Affirmed
Action: Outlook: Stable
Action: Removed From CreditWatch

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

- Depfa ACS Bank

Note: Product cover images may vary from those shown

RELATED PRODUCTS