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Summary: Deutsche Genossenschafts-Hypothekenbank AG Jul 01 Product Image

Summary: Deutsche Genossenschafts-Hypothekenbank AG Jul 01

  • ID: 2025789
  • July 2001
  • Standard & Poors

Abstract
The ratings on Deutsche Genossenschafts-Hypothekenbank AG (DG HYP), the largest of the four mortgage banks in the German cooperative banking sector, are based on the sector's system of solidarity and important market position. The ratings reflect DG HYP's integration into and strategic importance for the sector and DG HYP's overall sound asset quality. They also reflect its low profitability levels by international standards and its only adequate capitalization. The ratings on DG HYP's Öffentliche and Hypothekenpfandbriefe primarily reflect the Pfandbriefe collateral and protections afforded by German insolvency and banking laws. DG HYP maintains two segregated, revolving collateral pools of credit: one with high-quality public sector loans on which the holders of Öffentliche Pfandbriefe have a preferential claim, and a second...

Companies mentioned in this report are:
- Deutsche Genossenschafts-Hypothekenbank AG

Action: Review

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- Deutsche Genossenschafts-Hypothekenbank AG

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