• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Bayerische Landesbank Jan 04 Product Image

Summary: Bayerische Landesbank Jan 04

  • Published: January 2004
  • Standard & Poors

Abstract
The ratings on Bayerische Landesbank (BayernLB) are based on the maintenance obligation (Anstaltslast) and statutory guarantee (Gewährträgerhaftung) of the State of Bavaria (Bavaria; AAA/Stable/A-1+), the bank's prominent market position in the state, and its importance for the state's economy. The ratings on Bavaria reflect the state's strong economy and financial position compared with other regions worldwide, as well as with other German states. (For a full analysis on the State of Bavaria, see separate publication on RatingsDirect, Standard & Poor's Web-based credit analysis system.) On July 17, 2001, the European Commission (EC) announced that the existing state guarantees for German Landesbanks will be phased out by 2015. Anstaltslast and Gewährträgerhaftung can be maintained in their present form until July 18,...

Companies mentioned in this report are:
- Bayerische Landesbank

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 READ MORE >

- Bayerische Landesbank

Note: Product cover images may vary from those shown

RELATED PRODUCTS