FRANKFURT (S&P Global Ratings) Sept. 10, 2019--S&P Global Ratings today corrected its issue rating on DekaBank Deutsche Girozentrale's up to €50 million senior nonpreferred issuance (ISIN DE000DK0TZ48) by lowering the rating to 'A' from 'A+'. We had previously rated this issue incorrectly at the level of the issuer credit rating on DekaBank (A+/Stable/A-1). The rating action doesn't reflect any change in the underlying credit quality of the issuance. General Criteria: Hybrid Capital: Methodology And Assumptions, July 1, 2019 General Criteria: Group Rating Methodology, July 1, 2019 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 Criteria Financial Institutions Banks: Bank Rating Methodology
