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BayernLB UNGUARANTEED Sr Unsecd Rtg To 'A' On Aggregate Strength With Bavarian Savings Banks Jun 05
Standard & Poors, June 2005
Abstract
FRANKFURT (Standard & Poor's) June 22, 2005--Standard & Poor's Ratings Services said today it raised to 'A' from 'A-' its rating on the senior unsecured unguaranteed debt issues (UNGUARANTEED rating) of Germany-based Bayerische Landesbank (BayernLB) following its regular issuer review. The unguaranteed 'A' rating is similar to the long-term counterparty rating after July 18, 2005, and corresponds with an 'A-1' unguaranteed short-term counterparty and debt rating. Existing guaranteed 'AAA/A-1+' debt and counterparty ratings are not affected by the rating action as they continue to be solely based on the state guarantee. The rating action reflects Standard & Poor's revised view of BayernLB and its financially stronger owner the Bavarian Savings Banks (BSB) as a single economic entity, the BSB's sound...
Companies mentioned in this report are: Bayerische Landesbank
Action: Upgraded
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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