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BULLETIN: Deutsche Bahn Ratings Unchanged After Bax Global Acquisition On Strong Govt Support Nov 05
Standard & Poors, Nov 2005
Abstract
FRANKFURT (Standard & Poor's) Nov. 18, 2005--Standard & Poor's Ratings Services said today the corporate credit ratings on Germany-based vertically integrated rail and logistics company Deutsche Bahn AG (DB AG; AA/Stable/A-1+) remain unchanged following DB AG's acquisition of U.S. based logistics company Bax Global. The 'AA' long-term senior unsecured debt ratings on DB AG and Deutsche Bahn Finance B.V. as well as the 'A-1+' rating on Deutsche Bahn Finance B.V.'s Commercial Paper Program also remain unchanged. Standard & Poor's will meet with DB AG to assess the pace at which DB AG's ongoing development will continue in terms of strategy, business mix, financial profile, and, in particular, the future level of state support, given the potential partial privatization of the...
Companies mentioned in this report are: Deutsche Bahn AG,Germany (Federal Republic of) (Unsolicited Ratings),Deutsche Bahn Finance B.V.
Action: Bulletin
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.
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