Research Update: Helaba And German Sparkassen-Finanzgruppe Hessen-Thueringen Affirmed At 'A/A-1' On Bank Criteria Change; Outlook Stable Dec 11
Standard & Poors, December 2011
Abstract
Following a review under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'A/A-1' ratings on the core members of Germany's Sparkassen-Finanzgruppe Hessen-Thueringen (SFHT), including its central bank Landesbank Hessen-Thueringen Girozentrale (Helaba). The outlook is stable. Our ratings on the SFHT's member banks reflect our view of the SFHT's aggregate adequate business position, strong capital and earnings, adequate risk position, average funding, and adequate liquidity. The ratings reflect our expectation on solidarity support among member banks in a crisis as we consider the SFHT a cohesive economic group of legally independent institutions. We do not factor in additional uplift for potential extraordinary government support. The stable outlook reflects our view that the financial profiles...
Action: Affirmed
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
Landesbank Hessen-Thueringen Girozentrale,Helaba Dublin Landesbank Hessen-Thueringen International,Sparkasse Altenburger Land,Sparkasse Arnstadt-Ilmenau,Sparkasse Bad Hersfeld-Rotenburg,Sparkasse Battenberg,Sparkasse Bensheim,Stadtsparkasse Borken,Stadt- und Kreis-Sparkasse Darmstadt,Sparkasse Dieburg,Sparkasse Dillenburg,Kreissparkasse Eichsfeld,Stadtsparkasse Felsberg,Frankfurter Sparkasse,Sparkasse Fulda,Kreissparkasse Gelnhausen,Sparkasse Gera-Greiz,Sparkasse Giessen,Kreissparkasse Gotha,Stadtsparkasse Grebenstein,Kreissparkasse Gross-Gerau,Sparkasse Gruenberg,Sparkasse Hanau,Kreissparkasse Hildburghausen,Sparkasse Jena-Saale-Holzland,Kasseler Sparkasse,Kyffhaeusersparkasse,Sparkasse Langen-Seligenstadt,Sparkasse Laubach-Hungen,Kreissparkasse Limburg,Sparkasse Marburg-Biedenkopf,Sparkasse Mittelthueringen,Nassauische Sparkasse,Kreissparkasse Nordhausen,Sparkasse Oberhessen,Sparkasse Odenwaldkreis,Staedtische Sparkasse Offenbach am Main,Sparkasse Rhoen-Rennsteig,Kreissparkasse Saale-Orla,Kreissparkasse Saalfeld-Rudolstadt,Kreissparkasse Schluechtern,Kreissparkasse Schwalm-Eder,Stadtsparkasse Schwalmstadt,Sparkasse Sonneberg,Sparkasse Starkenburg,Taunus-Sparkasse,Sparkasse Unstrut-Hainich,Sparkasse Waldeck-Frankenberg,Wartburg-Sparkasse,Kreissparkasse Weilburg,Sparkasse Werra-Meissner,Sparkasse Wetzlar,Naspa Dublin
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
