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S&P Rts DB Luxembourg's $715M Cap Contrib Certs AA- Jan 98 Product Image

S&P Rts DB Luxembourg's $715M Cap Contrib Certs AA- Jan 98

  • Published: January 1998
  • Standard & Poors

FEATURED COMPANIES

Abstract
LONDON -- Standard & Poor's CreditWire 1/16/98 -- Standard & Poor's yesterday assigned its double-'A'-minus long-term rating to the US$715 million Capital Contribution Certificates, due Dec. 28, 2007, of Deutsche Bank Luxembourg S.A. (DB Lux). At the same time, Standard & Poor's also assigned its triple-'A'/'A-1'-plus counterparty ratings to DB Lux. The outlook is stable. The triple-'A'/'A-1'-plus counterparty ratings are based on DB Lux's strategic importance of and close integration within the Deutsche Bank group, as well as its good risk profile. DB Lux is a wholly owned subsidiary of Deutsche Bank AG, Frankfurt (which is rated triple-'A' by Standard & Poor's; outlook stable). In addition, the double-'A'-minus rating for the Capital Contribution Certificates reflects the slightly higher payment default...

Companies mentioned in this report are:
- Deutsche Bank Luxembourg S.A.
- Deutsche Bank AG

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 READ MORE >

- Deutsche Bank Luxembourg S.A.
- Deutsche Bank AG

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