|
|
 |
|
Viewing report
|
|
|
|
Bayerische Landesbank Jul 04
Standard & Poors, July 2004
Abstract
State guarantee until July 18, 2005; Located in one of Germany's largest and wealthiest states; Franchise in its home region as a corporate bank based on well-established business relationships, and developed expertise in more sophisticated higher-margin banking services; and Revised strategy aimed at de-risking and improving cooperation with the financially sound Bavarian Savings Banks. State guarantees will be abolished on July 19, 2005; Remaining concentration risk in the loan portfolio; Moderate level of earnings and limited revenue diversification; Reliance on low cost wholesale funding; and Still moderate capitalization. The 'AAA' ratings on Bayerische Landesbank (BayernLB) are based on the maintenance obligation (Anstaltslast) and statutory guarantee (Gew-hrtr-gerhaftung) of the State of Bavaria (Bavaria; AAA/Stable/A-1+), the bank's prominent market position in the...
Companies mentioned in this report are: Bayerische Landesbank,State of Bavaria,Bayerische Landesbank U.S. Finance Inc.
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.
Research Type: Full Analysis
|
|
|
|
