Aargauische Kantonalbank http://www.alacrastore.com/company-snapshot/Aargauische_Kantonalbank-2540676 Monday, September 08, 2008 3:03:47 AM 2540676 Aargauische Kantonalbank en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/639555spcred/639555normThe latest Summary from S&P3/28/2008 8:31:40 AMSummary175global639555SwitzerlandRegional BanksEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsInternational Public FinanceSummaryThe ratings on Switzerland-based Aargauische Kantonalbank (AKB) are based on the statutory guarantee of the Swiss Canton of Aargau (Aargau; AAA/Stable/A-1+), which legally obliges the canton to guarantee all liabilities borne by the bank. (For further details of the canton's credit quality, see the full analysis published on Jan. 17, 2008, on RatingsDirect.) The ratings on AKB therefore reflect the credit quality of Aargau. Standard&Poor's Ratings Services believes that although this guarantee does not stipulate timely repayment of the bank's obligations, it is in the canton's interest to promptly honor any claims from existing obligations due to the bank's importance to the local economy. The guarantee does not cover its subsidiaries, such as AKB Privatbank AG Zurich (AKBCHE40101015 401010 4010 40Aargauische Kantonalbank344714EUROMIDAFR1031Z@SWSUMMARYCHEAargau (Canton of)344653EUROMIDAFR1002Z@SWGLOBISSFIGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/639552spcred/639552normThe latest Full Report from S&P3/28/2008 8:31:39 AMFull Report400global639552SwitzerlandRegional BanksEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsInternational Public FinanceFull ReportStatutory guarantee provided by the Canton of Aargau Sound risk profile, underpinned by strong asset quality Strong capitalization Sound and improved profitability Limited growth prospects in its home market Regional focus exposes the bank to concentration risks, although these are currently prudently controlled The ratings on Switzerland-based Aargauische Kantonalbank (AKB) are based on the statutory guarantee of the Swiss Canton of Aargau (Aargau; AAA/Stable/A-1+), which legally obliges the canton to guarantee all liabilities borne by the bank. (For further details of the canton's credit quality, see the full analysis published on Jan. 17, 2008, on RatingsDirect.) The ratings on AKB therefore reflect the credit quality of Aargau. Standard&Poor's Ratings Services believes that although this guarantee does not stipulateCHE40101015 401010 4010 40Aargauische Kantonalbank344714EUROMIDAFR1031Z@SWFULLCHEAargau (Canton of)344653EUROMIDAFR1002Z@SWGLOBISSFIGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/621318spcred/621318normThe latest News from S&P12/19/2007 1:11:56 PMNews100global621318SwitzerlandRegional BanksEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsInternational Public FinanceNewsFRANKFURT (Standard&Poor's) Dec. 19, 2007--Standard&Poor's Ratings Services said today it raised its long-term counterpary credit rating on Switzerland-based Aargauische Kantonalbank (AKB) to 'AAA' from 'AA+', following the upgrade of the rating on the Canton of Aargau (AAA/Stable/A-1+). The short-term 'A-1+' rating was affirmed. The outlook is stable. "As the canton provides a statutory guarantee for the bank, the rating action on the bank solely reflects the rating change on its guarantor, and is not related to a change in AKB's underlying financial and business profile," said Standard&Poor's credit analyst Dirk Heise. The ratings on Aargau reflect the canton's extremely strong financial performance and its solid management. They are further supported by Aargau's good economicCHE40101015 401010 4010 40Aargauische Kantonalbank344714EUROMIDAFR1031Z@SWNEWSGLOBISSFIGOVSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/621319spcred/621319normThe latest Research Update from S&P12/19/2007 1:11:56 PMResearch Update175global621319SwitzerlandRegional BanksEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsInternational Public FinanceResearch UpdateOn Dec. 19, 2007, Standard&Poor's Ratings Services revised its long-term counterparty credit rating on Switzerland-based Aargauische Kantonalbank (AKB) to 'AAA' from 'AA+', following the upgrade of the rating on the Canton of Aargau (AAA/Stable/A-1+). The short-term 'A-1+' rating was affirmed. The outlook is stable. As the canton provides a statutory guarantee for the bank, the rating action on the bank solely reflects the rating change on its guarantor, and is not related to a change in AKB's underlying financial and business profile. The ratings on Aargau reflect the canton's extremely strong financial performance, and its solid management. They are further supported by Aargau's good economic position with high wealth levels, low unemployment, and a growing population base. TheCHE40101015 401010 4010 40Aargauische Kantonalbank344714EUROMIDAFR1031Z@SWRESUPDCHEAargau (Canton of)344653EUROMIDAFR1002Z@SWGLOBISSFIGOVSCredit & Investment ResearchS&P Credit Research