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Summary: KfW May 06 Product Image

Summary: KfW May 06

  • Published: May 2006
  • Standard & Poors

Abstract
The credit ratings on Kreditanstalt für Wiederaufbau (KfW) are based on the support of the government of the Federal Republic of Germany (AAA/Stable/A-1+) and the bank's public policy role, low-risk businesses, and stable financial profile. KfW's liabilities are covered by an explicit federal government guarantee. In addition, KfW--an institution incorporated under German public law--benefits from the federal government's maintenance obligation (Anstaltslast). The maintenance obligation requires the founder of a public law entity, in KfW's case the federal government, to safeguard the institution's economic basis and maintain its ability to operate and perform obligations as they fall due. KfW is Germany's flagship public development bank and ranks among the 10 largest financial institutions in Germany, with total assets of €340 billion...

Companies mentioned in this report are:
- KfW
- KfW International 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. READ MORE >

- KfW
- KfW International Finance Inc.

Note: Product cover images may vary from those shown

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