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BULLETIN: Dresdner Bank AG Ratings Unchanged by Positive Second-Quarter 2004 Results Aug 04
Standard & Poors, Aug 2004
Abstract
FRANKFURT (Standard & Poor's) Aug. 17, 2004--Standard & Poor's Ratings Services said today that the ratings and outlook on Germany-based Dresdner Bank AG (Dresdner; A/Negative/A-1) remain unchanged following Dresdner's report of positive second-quarter 2004 results, which are generally in line with Standard & Poor's expectations. This follows Standard & Poor's announcement on its parent Allianz AG (AA-/Negative/A-1+; see article entitled 'Allianz AG Ratings Unaffected by Strong Second-Quarter 2004 Results', published on Aug. 16, 2004, on RatingsDirect, Standard & Poor's Web-based credit analysis system). Standard & Poor's recognizes the positive trend in Dresdner's profitability, but continues to see some execution risk and challenges that Dresdner's management is facing in fully implementing its restructuring program. Dresdner should remain on track to meet...
Companies mentioned in this report are: Dresdner Bank AG,Allianz SE
Action: Bulletin
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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