Summary: Bayerische Landesbank Apr 06

Standard & Poors, April 2006

Abstract
The counterparty credit ratings on Germany-based Bayerische Landesbank (BayernLB) are based on its aggregate financial strength and cohesiveness with the Bavarian Savings Banks (BSBs), its financially much stronger 50% owner. Essential to maintaining this view of the two as a single economic group is the continued strong development of cooperation and integration within the group. The group's sound financial strength reflects the BSBs' superior retail-banking franchise in Bavaria, which is increasingly being complemented by BayernLB's ongoing business repositioning. Furthermore, it reflects ongoing sound asset quality and profitability from the BSBs' healthy margins generated through granular local customers, and the substantial progress made in BayernLB's restructuring. Combined sound aggregate capital strength benefits from the BSBs' sustainable strong capitalization and BayernLB's adequate...

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 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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Bayerische Landesbank

Customers who bought this item also bought

• Government Guarantees - In Focus
• The Germany Defense Industry - Market Attractiveness and Emerging Opportunities to 2017: Market Profile
• Future of the German Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018
• Germany Defence and Security Report Q3 2012
• Defense Expenditure in Germany to 2017: Market Review
• Military Rotorcrafts Market in Germany to 2021: Market Brief
• Military IT, Data and Computing Market in Germany to 2022: Market Brief
• UAV Payload Market in the Germany to 2022: Market Brief
• Homeland Security Expenditure in Germany to 2017: Market Review
• Germany Defence and Security Report Q4 2012