Research And Markets Research And Markets

Summary: Bayerische Handelsbank AG Jul 01

  • ID: 1858617
  • July 2001
  • Standard & Poors
1 of 3

The ratings on Bayerische Handelsbank AG (Handelsbank) are based on the bank's strategic importance for, and its close integration into, Bayerische Hypo- und Vereinsbank AG (HypoVereinsbank; A+/Negative/A-1), which holds 76.4% of Handelsbank. The ratings on Handelsbank also reflect the bank's overall sound asset quality, its manageable risk levels, and its lean organization. These positive aspects are partly offset by its profitability levels, however, which are low by international standards. The rating on Handelsbank's public sector (Öffentliche) Pfandbriefe primarily reflects the Pfandbriefe collateral, coupled with protections afforded by German insolvency and banking laws. Handelsbank maintains a segregated, revolving pool of high-quality public sector assets on which the holders of Öffentliche Pfandbriefe have a preferential claim. The amount of collateral is sufficient...

Companies mentioned in this report are:
- Deutsche Pfandbriefbank AG

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Deutsche Pfandbriefbank AG

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown