Research Update: Landwirtschaftliche Rentenbank 'AAA' Rating Affirmed And Off Watch Following Similar Action On Germany; Outlook Stable Jan 12
- Language: English
- Published: January 2012
- Region: Germany
Standard & Poor's affirmed all its ratings on Landwirtschaftliche Rentenbank (LRB) on March 8, 2002, following an agreement on March 2, 2002, between the Federal Republic of Germany (AAA/Stable/A-1+) and the European Commission on the future sovereign support of German development banks. The affirmation reflects LRB's continued strong credit standing and the compatibility of the German government's support of LRB with competition regulation in the European Union. LRB is a specialized development bank incorporated under public law, with a public policy mandate to promote Germany's agricultural sector and rural development. The ratings on LRB are based on: The low–risk nature of its operations, where intermediating commercial banks assume the credit risk of the final borrower; Its outstanding track record of...
Companies mentioned in this report are:
- Landwirtschaftliche Rentenbank
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