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Bayerische Landesbank $250M Sub Nts Rtd AAA by S&P Oct 95
Standard & Poors, Oct 1995
Abstract
NY -- Standard & Poor's CreditWire 10/20/95 -- Standard & Poor's assigns its triple-`A' rating to Bayerische Landesbank Girozentrale's (New York Branch) (BayLB) $250 million subordinated notes due 2005. BayLB's rating is based on the operating maintenance obligation and statutory guarantee of the State of Bavaria. The bank is 50% owned by the state and 50% by the Association of Bavarian Savings Banks. The state's rating (triple-`A') reflects its well-diversified and resilient economic base, skilled work force with low unemployment, continued strong financial performance, and moderate, well-controlled debt levels. In the past three decades, Bavaria has shifted toward a less cyclical, service-oriented economy, with the current economic base well diversified between industry and service. Electronics, motor vehicles/parts, and computers are...
Companies mentioned in this report are: Bayerische Landesbank,State of Bavaria
Action: New Rating
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.
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