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Research Update: WestLB AG Aug 03

  • ID: 1858657
  • August 2003
  • Standard & Poors

FEATURED COMPANIES

  • NRW.BANK
  • Portigon AG
  • WestLB Finance USA Inc.
  • MORE

Abstract
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.
- NRW.BANK
- Westdeutsche ImmobilienBank
- EAA Covered Bond Bank Public Ltd Co.

Action: Review

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Note: Product cover images may vary from those shown

- Portigon AG
- North Rhine-Westphalia (State of)
- WestLB Finance USA Inc.
- NRW.BANK
- Westdeutsche ImmobilienBank
- EAA Covered Bond Bank Public Ltd Co.

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

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