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Bayerische Landesbank Girozentrale Apr 02 Product Image

Bayerische Landesbank Girozentrale Apr 02

  • Published: April 2002
  • Standard & Poors

Abstract
The ratings on Bayerische Landesbank Girozentrale (BayernLB) are based on the maintenance obligation (Anstaltslast) and statutory guarantee (Gew-hrtr-gerhaftung) of the State of Bavaria (AAA/Stable/A-1+). Therefore, the rating draws key support from the State of Bavaria as the only direct state owner, and the bank's importance for the state's economy. The ratings on the State of 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.) Standard & Poor's assigned stable outlooks to all of BayernLB's obligations maturing by July 18, 2005, as these will benefit from Anstaltslast and...

Companies mentioned in this report are: Bayerische Landesbank,Bayerische Landesbank U.S. Finance Inc.
Action: Review

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Bayerische Landesbank,Bayerische Landesbank U.S. Finance Inc.

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