Transaction Update: Deutsche Genossenschafts-Hypothekenbank AG Feb 08
Standard & Poors, February 2008
Abstract
This transaction update follows a review of the Deutsche Genossenschafts-Hypothekenbank AG (DG Hyp) public sector covered bond program. DG Hyp's public sector covered bonds are a part of its debt issuance program. Our review shows that the program's performance is stable and we have affirmed our 'AAA' rating. This program has been rated since November 1998 and DG Hyp uses it to issue covered bonds backed by a pool of public sector assets. The rating assigned to DG Hyp's public sector covered bond reflects Standard & Poor's level of comfort in the German covered bond legislation. The framework it provides allows us to rate the covered bonds primarily based on the strength of the issuer and relatively independent from the...
Companies mentioned in this report are: Deutsche Genossenschafts-Hypothekenbank AG
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Deutsche Genossenschafts-Hypothekenbank AG
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
