- Published: November 2011
Summary: Eurohypo AG Oct 03
- ID: 1872636
- October 2003
- Standard & Poors
The counterparty credit ratings on Eurohypo AG (Eurohypo-New) reflect its improved market position and franchise as the largest mixed German mortgage bank following its recently completed merger, its longstanding expertise in domestic and international real estate lending and related transactions, and its sound market risk management. The ratings are further underpinned by the remaining risk protection against unexpected loan losses from the premerger loan portfolios of its parent companies--Deutsche Bank AG (AA-/Negative/A-1+), Commerzbank AG (A-/Negative/A-2), and Dresdner Bank AG (Dresdner; A/Negative/A-1). Eurohypo-New's ratings are constrained by its deteriorating asset quality, and only moderate capitalization and profitability levels in light of Eurohypo-New's business profile and its low level of business diversification. The 'AAA' ratings on Eurohypo-New's public sector (Öffentliche) and mortgage...
Companies mentioned in this report are:
- Hypothekenbank Frankfurt AG
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >