• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Summary: Landesbank Nordrhein-Westfalen Aug 03

  • ID: 2046218
  • 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:

Action: Review

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 READ MORE >

Note: Product cover images may vary from those shown


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


Our Clients

Fluidigm Corporation Apple, Inc. CEVA Santé Animale Abbott Laboratories Ltd. Merck Group Allergan Inc. Pfizer, Inc.