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BayernLB Outlook To Positive On Improved Aggregate Strength With Savings Banks; Rtgs Affirmed Jul 07
Standard & Poors, July 2007
Abstract
FRANKFURT (Standard & Poor's) July 17, 2007--Standard & Poor's Ratings Services said today it revised to positive from stable its outlook on Germany-based Bayerische Landesbank (BayernLB). At the same time, the 'A/A-1' counterparty credit ratings on BayernLB were affirmed. In addition, Standard & Poor's affirmed the 'AAA' ratings on BayernLB's public sector (-ffentliche) and mortgage (Hypotheken) Pfandbriefe. 'The outlook change reflects the improving aggregate financial strength and cohesiveness of BayernLB, and the Bavarian Savings Banks (BSBs), which are viewed as a single economic group,' said Standard & Poor's credit analyst Harm Semder. Final single economic group ratings grant BayernLB two notches of uplift above its stand-alone credit quality, after three notches before today's rating affirmation, based on BayernLB's improved financial...
Companies mentioned in this report are: Bayerische Landesbank
Action: Outlook: Positive
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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