|
|
 |
|
Viewing report
|
|
|
|
BT Australia And Units On Watch Developing Feb 99
Standard & Poors, Feb 1999
Abstract
MELBOURNE -- Standard & Poor's CreditWire 2/12/1999 -- Standard & Poor's today placed its single-'A' long-term and the 'A-1' short-term counterparty credit ratings of Bankers Trust Australia Ltd. (BTAL) and units on CreditWatch with developing implications. The CreditWatch action replaces the action on Nov. 28, 1998, where BTAL's ratings were placed on CreditWatch with positive implications. Today's action follows the announcement that BTAL's investment banking operations will not form part of the proposed merger between Bankers Trust Corp. and Deutsche Bank AG, and is to be sold separately. For BTAL, whether the ratings are raised, lowered, or affirmed will depend on the financial strength of the future owner and the possible corporate structure in which BTAL is placed. BTAL is...
Companies mentioned in this report are: Bankers Trust Australia Ltd.,Deutsche Bank Trust Corp.,Deutsche Bank AG
Action: On CreditWatch:Developing
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
