Research Update: DVB Bank SE Ratings Raised To 'A+' From 'A' On Bank Criteria Change; Outlook Stable Dec 11
- Language: English
- Published: December 2011
In our view, DVB Bank SE has demonstrated good resilience over the past two years despite uncertainties in global transport markets, and its risk profile has strengthened, thanks to better-than-expected profitability. We continue to include a four-notch uplift in our assessment of DVB's stand-alone credit profile, reflecting our expectation of ongoing support for DVB from its 95% owner DZ BANK AG and from the German cooperative banking sector. We are revising our outlook on DVB to stable from negative and affirming the 'A/A-1' ratings. The stable outlook reflects our expectation that DVB will be able to cope with continually challenging international transport markets and maintain sufficient profitability to absorb still sizable credit losses. FRANKFURT (Standard & Poor's) March 30, 2011--Standard...
Companies mentioned in this report are:
- DVB Bank SE
Action: Outlook: Stable
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Research type: News
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