FRANKFURT (S&P Global Ratings) Feb. 7, 2022--S&P Global Ratings today withdrew its 'A-2' rating on Landesbank Hessen-Thueringen Girozentrale's (Helaba's) $5 billion commercial paper program. The ratings were withdrawn at the issuer's request. Our 'A-' long-term and 'A-2' short-term issuer credit ratings are on core members of S-Finanzgruppe Hessen-Thueringen (SFHT) including Helaba and local savings banks. The ratings reflect the group's solid aggregate business position, supported by the savings banks' dominant position in regional retail banking in two German states and a risk-averse relationship-based business approach by its central institution Helaba and by its more wholesale-oriented businesses. The outlook on the long-term ratings remains stable. Criteria Financial Institutions Banks: Banking Industry Country Risk Assessment Methodology And Assumptions, Dec. 9,
