Bundes-Pensions-Service fuer Post und Telekommunikation e.V. Sep 05
- ID: 2024881
- September 2005
- Standard & Poors
Strong explicit and implicit sovereign support from the Federal Republic of Germany. Strong political consensus of support behind the clearly defined public policy mandate. Very low own liquidity, mitigated by direct access to federal government funds up to a level determined in the federal budget law. The ratings on Bundes-Pensions-Service für Post und Telekommunikation e.V. (BPS-PT) are based on its important public policy mandate and its close links with, and strong support from, the Federal Republic of Germany (AAA/Stable/A-1+). BPS-PT is a registered association created in 2001 for the sole purpose of financing and distributing the pension and medical assistance payments of the civil servants (and their surviving dependants) who worked for the former state postal monopoly company Deutsche Bundespost...
Companies mentioned in this report are:
- Bundes-Pensions-Service fuer Post und Telekommunikation e.V.
- Germany (Federal Republic of)
- KfW International Finance Inc.
- Deutsche Bundesbank
- Landwirtschaftliche Rentenbank
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Research Type: Full Analysis