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Bulletin: Allianz SE Ratings Unchanged By Plans To Separate Dresdner's Wholesale And Retail Business Mar 08
Standard & Poors, March 2008
Abstract
FRANKFURT (Standard & Poor's) March 18, 2008--Standard & Poor's Ratings Services said today that its ratings and outlook on Germany-based Allianz SE (AZSE; AA/Stable/A-1+) and related entities are not affected by the group's plans to separate the wholesale- and retail-banking businesses of its Germany-based banking subsidiary Dresdner Bank AG (Dresdner; A/Negative/A-1) into two distinct legal entities (For further information see 'Research Update: Dresdner Bank AG Ratings Cut To ?A? On Decision For Legal Split; Outlook Negative,' published on March 18, 2008, on RatingsDirect). This move aims to provide AZSE with greater flexibility to explore strategic alternatives in case of further consolidation in the banking market. We will closely monitor implementation of the group's restructuring plans, which involve operational risks in...
Companies mentioned in this report are: Allianz SE,Dresdner Bank AG
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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