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Transaction Update: Deutsche Genossenschafts-Hypothekenbank AG (Hypotheken Pfandbriefe) Oct 10 Product Image

Transaction Update: Deutsche Genossenschafts-Hypothekenbank AG (Hypotheken Pfandbriefe) Oct 10

  • Published: October 2010
  • Standard & Poors

Abstract
This transaction update follows a review of the Deutsche Genossenschafts-Hypothekenbank AG's (DG Hyp) mortgage covered bond program. We have affirmed our 'AAA' credit ratings on these mortgage covered bonds. The outlook remains stable. DG Hyp typically draws its mortgage covered bonds under its debt issuance program, which also allows it to issue public sector covered bonds. This review covers only the mortgage covered bonds, which we have rated since October 1999. For our rating affirmation on DG Hyp's mortgage covered bonds we have reviewed the asset and cash flows information provided as of June 30, 2010 (the latest reporting date). Applying our covered bond criteria, the specifics of DG Hyp's program potentially allow for a seven notch elevation, according to...

Companies mentioned in this report are: Deutsche Genossenschafts-Hypothekenbank AG
Action: No Rating Change

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Deutsche Genossenschafts-Hypothekenbank AG

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