- Language: English
- Published: November 2012
Summary: Bayerische Landesbank Girozentrale Jul 02
- ID: 1885111
- July 2002
- Standard & Poors
The ratings on Bayerische Landesbank Girozentrale (BayernLB) are based on the maintenance obligation (Anstaltslast) and statutory guarantee (Gewährträgerhaftung) of the State of Bavaria (AAA/Stable/A-1+). Therefore, the rating draws key support from the State of Bavaria as the only direct state owner, and the bank's importance for the state's economy. The ratings on the State of Bavaria reflect the state's strong economy and financial position compared with other regions worldwide, as well as with other German states. (For further details on the credit quality of the State of Bavaria, see full analysis on RatingsDirect, Standard & Poor's Web-based credit analysis system.) Standard & Poor's assigned stable outlooks to all of BayernLB's obligations maturing by July 18, 2005, as these will benefit...
Companies mentioned in this report are:
- Bayerische Landesbank
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 >