| Title: | Commerzbank AG |
| Price: | $400.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Full Report |
| Abstract: | Business profile, management, and strategy are sound and consistent with ratings level Improved financial profile through higher core earnings and comparatively favorable credit environment in Germany Manageable net exposure to weaker structured credit investments or leveraged finance Good diversification of funding and prudent liquidity management Low market shares in low-growth, fragmented, and highly competitive domestic market environment Largely wholesale-oriented business mix and risk profile, which make earnings susceptible to credit spread risk and lower business activity Profitability and diversification below that of large European peers Large exposure to tougher international commercial real estate markets The ratings on Germany-based Commerzbank AG continue to reflect its sound strategy and business profile and its adequate financial profile, which is consistent with the ratings. |
| Brief Excerpt: | RESEARCH Ratings Definitions Commerzbank AG Publication date: ##-May-#### Primary Credit Analyst: Stefan Best, Frankfurt (##) ##-##-###-###; stefan_best@standardandpoors.com Secondary Credit Analyst: Harm Semder, Frankfurt (##) ##-##-###-###;... |
| Word Count: | 9273 |
| Ticker: | CBK@GR |
| Issuer: | Commerzbank AG |
| GICS: | Diversified Banks (40101010) |
| Sector: | Structured Finance, Global Issuers, Public Finance, Corporations, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Financial Institutions, Commercial MBS, Residential MBS |
| Country: | Germany |
| Region: | United States |
| Format: | 
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