|
|
 |
|
Viewing report
|
|
|
|
'A+/A-1' Ratings on WestHyp Removed From Watch Neg; Ratings Affirmed; Outlook Negative Jul 01
Standard & Poors, July 2001
Abstract
LONDON (Standard & Poor's CreditWire) July 30, 2001--Standard & Poor's today removed from CreditWatch with negative implications its single-'A'-plus long-term and its 'A-1' short-term counterparty credit ratings on Westf-lische Hypothekenbank AG (WestHyp). The ratings were then affirmed. At the same time, Standard & Poor's affirmed its single-'A' subordinated debt rating on WestHyp. The outlook is negative. Standard & Poor's also affirmed its triple-'A' ratings on WestHyp's senior secured -ffentliche Pfandbriefe. The rating action follows the July 30, 2001 announcement that WestHyp's parent, Bayerische Hypo- und Vereinsbank AG (HypoVereinsbank; A+/Negative/A-1) has cancelled the sale of its 75% stake in WestHyp. HypoVereinsbank has announced that WestHyp will now be integrated in the group's real-estate activities, which are currently being restructured. In a...
Companies mentioned in this report are: Westfaelische Hypothekenbank AG,UniCredit Bank AG
Action: Various Rating Actions
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.
|
|
|
|
