Implicit ownership support and high systemic importance to Germany. Strong market position from ties to the German savings banks sector. Adequate capital and liquidity positions. Modest and potentially volatile earnings prospects in difficult markets. Increased credit and market risk profile from higher appetite until 2009. Reliance on wholesale funding. The counterparty credit ratings on Germany-based DekaBank Deutsche Girozentrale reflect our view that DekaBank would receive extraordinary ownership support from the German savings banks and Landesbanks, which in turn are wholly public sector owned, as well as our view of DekaBank's high systemic importance to Germany. Implicit ownership support, or expected extraordinary government support if DekaBank's own resources and ownership support were insufficient, continue to uplift the long-term rating on DekaBank
