- Language: English
- Published: July 2012
- Region: Germany
Summary: Landesbank Nordrhein-Westfalen Aug 03
- Published: August 2003
- Standard & Poors
The counterparty credit ratings on Landesbank Nordrhein-Westfalen (LB NRW) reflect that the bank continues to benefit from its key owner, the State of North Rhine-Westphalia's (NRW; AA/Stable/A-1+) maintenance obligation (Anstaltslast) and statutory guarantee (Gewährträgerhaftung), which can be maintained until at least July 18, 2005. Activities of special credit institutions that are entrusted with promotional tasks in compliance with the state aid rules of the European Commission (EC), and which aim at supporting clearly defined public policies and public tasks, may continue to benefit from state guarantees, however. In this case, legislative specifications of such activities must be completed by the end of March 2004, and commercial activities must be discontinued or separated from the scope of state guarantees by year-end...
Companies mentioned in this report are:
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >