Commerzbank €9.5 Million Single Issue Rating (ISIN XS0094653325) Raised To 'A-' - S&P Global Ratings’ Credit Research

Commerzbank €9.5 Million Single Issue Rating (ISIN XS0094653325) Raised To 'A-'

Commerzbank €9.5 Million Single Issue Rating (ISIN XS0094653325) Raised To 'A-' - S&P Global Ratings’ Credit Research
Commerzbank €9.5 Million Single Issue Rating (ISIN XS0094653325) Raised To 'A-'
Published Aug 21, 2018
3 pages (1185 words) — Published Aug 21, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

FRANKFURT (S&P Global Ratings) Aug. 21, 2018--S&P Global Ratings today corrected its issue rating on Commerzbank AG's €9.5 million zero coupon exchangeable into interest-bearing notes series 179 due March 1, 2029 (ISIN XS0094653325), by raising the rating to 'A-' from 'BBB'. We had incorrectly rated the bond as senior subordinated rather than senior unsecured. RELATED CRITERIA Criteria - Financial Institutions - General: Methodology For Assigning Financial Institution Resolution Counterparty Ratings, April 19, 2018 Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 General Criteria: Guarantee Criteria, Oct. 21, 2016 Criteria - Financial Institutions - Banks: Bank Rating Methodology And Assumptions: Additional Loss-Absorbing Capacity,

  
Brief Excerpt:

...FRANKFURT (S&P Global Ratings) Aug. 21, 2018--S&P Global Ratings today corrected its issue rating on Commerzbank AG's 9.5 million zero coupon exchangeable into interest-bearing notes series 179 due March 1, 2029 (ISIN XS0094653325), by raising the rating to 'A-' from '###'. We had incorrectly rated the bond as senior subordinated rather than senior unsecured. RELATED CRITERIA + Criteria - Financial Institutions - General: Methodology For Assigning Financial Institution Resolution Counterparty Ratings, April 19, 2018 + Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 + General Criteria: Guarantee Criteria, Oct. 21, 2016 + Criteria - Financial Institutions - Banks: Bank Rating Methodology And Assumptions: Additional Loss-Absorbing Capacity, April 27, 2015 + Criteria - Financial Institutions - Banks: Bank Hybrid Capital And Nondeferrable Subordinated...

  
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:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Commerzbank €9.5 Million Single Issue Rating (ISIN XS0094653325) Raised To 'A-'" Aug 21, 2018. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Commerzbank-9-5-Million-Single-Issue-Rating-ISIN-XS0094653325-Raised-To-A-2089064>
  
APA:
S&P Global Ratings’ Credit Research. (). Commerzbank €9.5 Million Single Issue Rating (ISIN XS0094653325) Raised To 'A-' Aug 21, 2018. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Commerzbank-9-5-Million-Single-Issue-Rating-ISIN-XS0094653325-Raised-To-A-2089064>
  
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