Commerzbank €30 Million Single Issue Rating (CINS D0552M9B0) Lowered To 'BBB-' On Feb. 3, 2017 - S&P Global Ratings’ Credit Research

Commerzbank €30 Million Single Issue Rating (CINS D0552M9B0) Lowered To 'BBB-' On Feb. 3, 2017

Commerzbank €30 Million Single Issue Rating (CINS D0552M9B0) Lowered To 'BBB-' On Feb. 3, 2017 - S&P Global Ratings’ Credit Research
Commerzbank €30 Million Single Issue Rating (CINS D0552M9B0) Lowered To 'BBB-' On Feb. 3, 2017
Published Apr 04, 2017
3 pages (1082 words) — Published Apr 04, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

FRANKFURT (S&P Global Ratings) April 4, 2017--S&P Global Ratings said today that it corrected its issue rating on Commerzbank AG's €30 million zero coupon callable bonds series 253 due July 31, 2028 (CINSD0552M9B0) on Feb. 3, 2017, by lowering the rating to 'BBB-' from 'BBB+'. We also removed the rating from CreditWatch developing, where it was originally placed on Dec. 15, 2016. We had incorrectly rated the bond as senior unsecured rather than subordinated. RELATED CRITERIA Criteria - Financial Institutions - Banks: Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions, Jan. 29, 2015 Criteria - Financial Institutions - Banks: Banks: Rating Methodology And Assumptions, Nov. 09, 2011 General Criteria: Use Of CreditWatch And Outlooks, Sept. 14, 2009 RATINGS

  
Brief Excerpt:

...Primary Credit Analyst: Harm Semder, Frankfurt (49) 69-33-999-158; harm.semder@spglobal.com Secondary Contact: Bernd Ackermann, Frankfurt (49) 69-33-999-153; bernd.ackermann@spglobal.com...

  
Report Type:

Ratings Action

Ticker
CBK@GR
Issuer
Commerzbank AG
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Germany
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Commerzbank €30 Million Single Issue Rating (CINS D0552M9B0) Lowered To 'BBB-' On Feb. 3, 2017" Apr 04, 2017. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Commerzbank-30-Million-Single-Issue-Rating-CINS-D0552M9B0-Lowered-To-BBB-On-Feb-3-2017-1826177>
  
APA:
S&P Global Ratings’ Credit Research. (). Commerzbank €30 Million Single Issue Rating (CINS D0552M9B0) Lowered To 'BBB-' On Feb. 3, 2017 Apr 04, 2017. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Commerzbank-30-Million-Single-Issue-Rating-CINS-D0552M9B0-Lowered-To-BBB-On-Feb-3-2017-1826177>
  
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