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Summary: Bayerische Hypo- und Vereinsbank AG May 03 Product Image

Summary: Bayerische Hypo- und Vereinsbank AG May 03

  • Published: May 2003
  • Standard & Poors

Abstract
The ratings on Bayerische Hypo- und Vereinsbank AG (HVB) are based on the bank's franchise among private and corporate customers in its core markets of Germany, Austria, and Central and Eastern Europe, which provides it with a sound and diversified funding base; and its prudent asset-liability management. The ratings also reflect Standard & Poor's assessment of the bank's operational and strategic initiatives--including the implications of the planned spin-off of its mortgage banks and concomitant steps, such as its plan to place up to 25% of Bank Austria Creditanstalt AG (BA; A-/Negative/A-2) with investors by means of a free-float capital increase--on HVB's business and risk profile to the extent foreseeable from today's perspective. Primary negative rating factors are HVB's weakened asset...

Companies mentioned in this report are:
- UniCredit Bank AG

Action: Review

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 READ MORE >

- UniCredit Bank AG

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