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Austrian Bank KA Finanz AG Rated 'A/A-1' On Very High Likelihood Of Government Support; Outlook Stable Mar 10
Standard & Poors, March 2010
Abstract
We consider Austria-based bank KA Finanz AG a government-related entity. KA Finanz is almost 100% owned by the Austrian government. We assess the likelihood of extraordinary government support as 'very high', based on KA Finanz's 'very strong' link to the Republic of Austria and the 'very important' public policy role it is executing. We are assigning our 'A/A-1' counterparty credit ratings to KA Finanz. The outlook is stable because we expect the government's ownership of KA Finanz to be stable and long term. FRANKFURT (Standard & Poor's) March 3, 2010--Standard & Poor's Ratings Services said today it assigned its 'A' long-term and 'A-1' short-term counterparty credit ratings to Austria-based bank KA Finanz AG. The outlook is stable. The 'AAA' ratings...
Companies mentioned in this report are: KA Finanz AG
Action: New Rating
Action: Outlook: Stable
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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