Commerzbank AG Ratings Raised To 'A/A-1' On Strengthened Performance And Capitalization; Outlook Stable

Commerzbank AG is delivering stronger and more consistent risk-adjusted profitability based on its enhanced solid domestic market position and diversification. We forecast Commerzbank to maintain sustainably higher capitalization even as it increases shareholder distributions. We therefore raised our long- and short-term issuer credit ratings on Commerzbank AG to 'A/A-1' from 'A-/A-2', and our long-term resolution counterparty rating to 'A+' from 'A'. Additionally, we raised our issue ratings on Commerzbank's senior unsecured (senior preferred), senior nonpreferred, tier 2, and additional tier 1 debt instruments by one notch. The stable outlook reflects our expectation that Commerzbank demonstrates sound financial and capital performance in the next two years. FRANKFURT (S&P Global Ratings) Aug. 7, 2024--S&P Global Ratings today raised its long- and short-term

...August 7, 2024 - Commerzbank AG is delivering stronger and more consistent risk-adjusted profitability based on its enhanced solid domestic market position and diversification. - We forecast Commerzbank to maintain sustainably higher capitalization even as it increases shareholder distributions. - We therefore raised our long- and short-term issuer credit ratings on Commerzbank AG to 'A/A-1' from 'A-/A-2', and our long-term resolution counterparty rating to 'A+' from 'A'. - Additionally, we raised our issue ratings on Commerzbank's senior unsecured (senior preferred), senior nonpreferred, tier 2, and additional tier 1 debt instruments by one notch. - The stable outlook reflects our expectation that Commerzbank demonstrates sound financial and capital performance in the next two years. FRANKFURT (S&P Global Ratings) Aug. 7, 2024--S&P Global Ratings today raised its long- and short-term issuer credit ratings on Commerzbank AG to 'A/A-1' from 'A-/A-2'. The outlook is stable. We also raised...

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