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Bayerische Landesbank Girozentrale Apr 01
Standard & Poors, April 2001
Abstract
The ratings on Bayerische Landesbank Girozentrale (BayernLB) are based on the operating maintenance obligation (Anstaltslast) and statutory guarantee (GewThe ratings on Bayerische Landesbank Girozentrale (BayernLB) are based on the operating maintenance obligation (Anstaltslast) and statutory guarantee (Gew-hrtr-gerhaftung) of the State of Bavaria (AAA/Stable/A-1+). BayernLB is owned equally between the State of Bavaria and the Bavarian Savings Banks Association. The ratings on the State of Bavaria reflect the state's strong economy and financial position in comparison with other regions worldwide, as well as with other German states. (For analysis of the credit quality of the State of Bavaria, see separate publication on RatingsDirect.) Bavaria is one of the largest and wealthiest German states, generating one of the highest per capita incomes in Germany and in Europe. Over the past three decades, Bavaria has transformed its formerly agrarian economy into...
Companies mentioned in this report are: Bayerische Landesbank,State of Bavaria,Bayerische Landesbank U.S. Finance Inc.
Action: Review
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: Full Analysis
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