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Bayerische Hypo- und Vereinsbank AG-Supported CP Programs Downgraded Oct 99
Standard & Poors, Oct 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) Oct. 27, 1999--Standard & Poor's today lowered its ratings on seven Bayerische Hypo- und Vereinsbank AG-supported commercial paper programs to 'A-1' from 'A-1'-plus. The programs affected by this rating action are listed below, Standard & Poor's said.--CreditWire RATINGS LOWERED ON BAYERISCHE HYPO-UND VEREINSBANK AG-SUPPORTED PROGRAMS To From Banco de Galicia y Buenos Aires S.A. $250.00 million CP program A-1 A-1+ Banco Mercantil del Norte, S.A. $150.00 million CP program A-1 A-1+ Demir Funding Corp. I $55.00 million CP program A-1 A-1+ Garanti Funding Corp. II $100.00 million CP program A-1 A-1+ Garanti Funding Corp. I $100.00 million CP program A-1 A-1+ Cemex S.A. de C.V. $250.00 million CP program A-1 A-1+ Banco Itau S.A.,...
Companies mentioned in this report are: UniCredit Bank AG,Cemex S.A.B. de C.V.,Banco de Galicia y Buenos Aires S.A.,Banco Mercantil del Norte S.A.
Action: Downgraded
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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