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German Public Development Bank KfW $5 Bil. U.S. MTN Program Assigned 'AAA' And 'A-1+' Ratings Jan 06
Standard & Poors, January 2006
LONDON (Standard & Poor's) Jan. 26, 2006--Standard & Poor's Ratings Services said it had assigned its 'AAA' long-term senior unsecured debt and 'A-1+' short-term debt ratings to German public development bank KfW's (AAA/Stable/A-1+) new $5 billion U.S. medium-term note program. The U.S. MTN program will complement KfW's existing access to capital markets, currently based on its euro and U.S. dollar benchmark programs, its Australian dollar program and its euro medium-term note program, and its euro commercial paper program, as well as the U.S. commercial paper program operated by KFW International Finance Inc. As in previous years, KfW is expected to issue long- and medium-term funds of about -50 billion to -55 billion in 2006, making it one of the largest...
Companies mentioned in this report are: KfW,KfW International Finance Inc.
Action: New Rating
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.
KfW,KfW International Finance Inc.