Summary: Kreissparkasse Miesbach-Tegernsee Aug 07
- ID: 1885334
- August 2007
- Standard & Poors
The counterparty credit ratings on savings bank Kreissparkasse Miesbach-Tegernsee (KSK-MBT) are based on the expected support KSK-MBT would receive from the Bavarian Savings Banks (BSBs), based on their aggregate financial strength and cohesiveness, should this ever become necessary. In Standard & Poor's Ratings Services view, the BSBs have a fundamental interest in supporting each other in times of stress, reflecting existing levels of integration and operational ties, as well as name recognition. This is underpinned by a regional, albeit limited, creditor protection scheme. Continued strong development of cooperation and integration within the group is essential to maintaining this view of the BSBs and KSK-MBT as a single economic group. The group's sound financial strength reflects the BSBs' superior granular retail-banking...
Companies mentioned in this report are:
- Kreissparkasse Miesbach-Tegernsee
- Bayerische Landesbank
- County of Miesbach
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