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KfW 'AAA' Rating Placed On CreditWatch Negative Following Watch Action On Germany Dec 11

  • ID: 2041595
  • December 2011
  • Region: Germany
  • Standard & Poors
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FEATURED COMPANIES

  • Deutsche Ausgleichsbank
  • KfW
  • MORE

Abstract
We have placed our unsolicited 'AAA' long-term sovereign credit rating on the Federal Republic of Germany on CreditWatch with negative implications. KfW's ratings are equalized with those on the Federal Republic of Germany, reflecting our opinion that there is an "almost certain" likelihood that KfW would receive timely and sufficient extraordinary support from the German government. Consequently, we are placing our 'AAA' long-term rating on KfW on CreditWatch with negative implications. We are affirming the 'A-1+' short-term rating. FRANKFURT (Standard & Poor's) Dec. 7, 2011--Standard & Poor's Ratings Services today placed its 'AAA' long-term issuer credit rating on KfW on CreditWatch with negative implications. At the same time, we affirmed the 'A-1+' short-term rating. RATIONALE The CreditWatch placement reflects a...

Companies mentioned in this report are:
- KfW
- KfW International Finance Inc.
- Landwirtschaftliche Rentenbank
- DFS Deutsche Flugsicherung GmbH
- Deutsche Ausgleichsbank

Action: On CreditWatch:Negative

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- KfW
- KfW International Finance Inc.
- Landwirtschaftliche Rentenbank
- DFS Deutsche Flugsicherung GmbH
- Deutsche Ausgleichsbank

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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