Research Update: WestLB AG Aug 03
- ID: 1858657
- August 2003
- Standard & Poors
On Aug. 1, 2003, Standard & Poor's Ratings Services lowered its long-term counterparty credit and certificate of deposit ratings on WestLB AG and Landesbank Nordrhein-Westfalen (LB NRW) to 'AA' from 'AA+'. The 'A-1+' short-term ratings were affirmed. The outlook is negative. At the same time, the 'AAA' ratings on Öffentliche Pfandbriefe issued by LB NRW were affirmed. The outlook is stable. In a related action, Standard & Poor's Ratings Services also lowered its long-term counterparty credit and certificate of deposit ratings on Westdeutsche Immobilienbank (WIB) and WestLB Covered Bond Bank PLC (WCBB) to 'AA-' from 'AA'. The 'A-1+' short-term ratings were affirmed. The outlook is negative. The 'AAA' ratings on Öffentliche and Hypothekenpfandbriefe issued by WIB were affirmed. The outlook...
Companies mentioned in this report are:
- Portigon AG
- North Rhine-Westphalia (State of)
- WestLB Finance USA Inc.
- Westdeutsche ImmobilienBank
- EAA Covered Bond Bank Public Ltd Co.
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Product Type: Research Update
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