Research Update: Bayerische Landesbodenkreditanstalt 'AAA' Long-Term Rating On Watch Negative After Similar Action On Bavaria Dec 11
- Language: English
- Published: December 2011
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
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