Bayerische Hypo- und Vereinsbank AG Outlook Revised To Negative; 'A/A-1' Ratings Affirmed Oct 02
- ID: 1832169
- October 2002
- Standard & Poors
FRANKFURT (Standard & Poor's) Oct. 8, 2002--Standard & Poor's Ratings Services said today it revised its outlook on Germany-based Bayerische Hypo- und Vereinsbank AG (HVB) and related entities to negative from stable. At the same time, the long-term single-'A' and 'A-1' short-term counterparty credit and single-'A' senior unsecured debt ratings on HVB, Bank Austria Creditansalt AG and HVB Real Estate Bank AG were affirmed. In addition, the single-'A-/A-2' counterparty credit ratings on Pfandbriefbank International S.A., Westfaelische Hypothekenbank AG and Wuerttembergische Hypothekenbank AG were affirmed. "The change in outlook reflects HVB's further weakened business and risk profile as well as growing concerns about the effect of a prolonged economic downturn on the bank's asset quality and its ability to restore weak...
Companies mentioned in this report are:
- UniCredit Bank AG
- Westfaelische Hypothekenbank AG
- Hypo Real Estate Bank International AG
- DEPFA Pfandbrief Bank International S.A.
Action: Outlook Revised
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