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Commerzbank AG Dresdner Funding Trust II Hybrid Capital Rating Raised To 'BBB+' On Redemption Announcement

Published Jun 09, 2009

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About This Report

Abstract:

FRANKFURT (Standard&Poor's) June 9, 2009--Standard&Poor's Ratings Services said today that it had raised its rating on €500 million Tier 1 hybrid capital dated silent partnership certificates issued by Dresdner Funding Trust II of Commerzbank AG (A/Negative/A-1) to 'BBB+' from 'CCC'. At the same time, the rating was removed from CreditWatch, where it was placed with negative implications on Jan. 12, 2009. The rating action follows an announcement by Commerzbank to the Luxembourg Stock Exchange that it will redeem the certificates on their call date on June 30, 2009. The rating action reflects our expectation that Commerzbank will redeem the instruments at their full stated liquidation amount plus annual interest for the period ended June 30, 2009.

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

Commerzbank AG – 2009/07/01 – US$ 500.00

Summary: Commerzbank AG – 2009/07/01 – US$ 225.00

Various Rating Actions On Hybrid Capital Instruments Issued By Commerzbank AG And Subsidiaries – 2010/03/08 – US$ 150.00

S&P Corrects Ratings On Various Commerzbank Group Hybrid Capital Instruments By Lowering Them To 'C' From 'CC' – 2010/06/01 – US$ 150.00

Commerzbank AG And Related Entities 'A/A-1' Ratings Affirmed On Gradual Progress In Restructuring; Outlook Negative – 2010/06/28 – US$ 150.00

Commerzbank AG And Dresdner Bank AG Outlooks To Negative On Worsening Credit Conditions; 'A/A-1' Ratings Affirmed – 2009/05/12 – US$ 150.00

Research Update: Commerzbank AG And Dresdner Bank AG Outlooks To Negative On Worsening Credit Conditions; 'A/A-1' Ratings Affirmed – 2009/05/12 – US$ 225.00

Various Commerzbank, Dresdner, And Eurohypo Hybrid Capital Instruments Cut To 'CCC' And Kept On Watch Negative – 2009/05/11 – US$ 150.00

Two Dresdner Bank Hybrid Capital Instruments Cut To 'CC', Other Commerzbank Group Hybrids Cut To 'BB'; Still On WatchNeg – 2009/02/27 – US$ 150.00

Research Update: Two Dresdner Bank Hybrid Capital Instruments Cut To 'CC', Other Commerzbank Group Hybrids Cut To 'BB'; Still On WatchNeg – 2009/02/27 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Commerzbank AG Dresdner Funding Trust II Hybrid Capital Rating Raised To 'BBB+' On Redemption Announcement" Jun 09, 2009. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Commerzbank-AG-Dresdner-Funding-Trust-II-Hybrid-Capital-Rating-Raised-To-BBB-On-Redemption-Announcement-726584>

APA:	S&P Global Ratings’ Credit Research. (). Commerzbank AG Dresdner Funding Trust II Hybrid Capital Rating Raised To 'BBB+' On Redemption Announcement Jun 09, 2009. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Commerzbank-AG-Dresdner-Funding-Trust-II-Hybrid-Capital-Rating-Raised-To-BBB-On-Redemption-Announcement-726584>

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