|
|
 |
|
Viewing report
|
|
|
|
BayernLB Outlook Revised To Stable On Weaker Profit Prospects; 'A/A-1' Ratings Affirmed Nov 07
Standard & Poors, Nov 2007
Abstract
FRANKFURT (Standard & Poor's) Nov. 13, 2007--Standard & Poor's Ratings Services said today it revised to stable from positive its outlook on Germany-based Bayerische Landesbank (BayernLB). At the same time, the 'A/A-1' long- and short-term counterparty credit ratings on the bank were affirmed. Standard & Poor's 'AAA' ratings on BayernLB's Pfandbriefe are not affected by the rating action. 'The outlook revision reflects our expectation that, due to the sharply changed market environment, double-digit operating profit growth at BayernLB as a precondition for an upgrade has become less likely,' said Standard & Poor's credit analyst Stefan Best. 'We expect that the enduring dislocation of the international financial markets since mid-2007 will have a dampening effect on BayernLB's initiatives to improve earnings...
Companies mentioned in this report are: Bayerische Landesbank
Action: Affirmed
Action: Outlook: Stable
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.
|
|
|
|
