Erste Abwicklungsanstalt - S&P Global Ratings’ Credit Research

Erste Abwicklungsanstalt

Erste Abwicklungsanstalt - S&P Global Ratings’ Credit Research
Erste Abwicklungsanstalt
Published Jun 27, 2016
6 pages (2282 words) — Published Jun 27, 2016
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Public policy role in facilitating the workout of the former WestLB AG (WestLB) and winding up of all transferred risk positions. Integral link to the German State of North Rhine-Westphalia because of the ownership structure and state support mechanism. Business limits as a nonbank workout entity. No internal capital generation capacity and depletion of the existing capital base to a low level due to loss accumulation. Reliance on government support to close capital, funding, and liquidity gaps in case of need. S&P Global Ratings' outlook on Erste Abwicklungsanstalt (EAA) is stable because we do not expect the ownership structure or strong commitment of the German State of North Rhine-Westphalia (NRW; AA-/Stable/A-1+) to the entity to change in the next two

  
Brief Excerpt:

...*Unless otherwise noted, all ratings in this report are global scale ratings. Standard & Poor's credit ratings on the global scale are comparable across countries. Standard & Poor's credit ratings on a national scale are relative to obligors or obligations within that specific country. Issue and debt ratings could include debt guaranteed by another entity, and rated debt that an entity guarantees. WWW.STANDARDANDPOORS.COM/RATINGSXPRESS JUNE 27, 2016 5...

  
Report Type:

Full Report

Issuer
Erste Abwicklungsanstalt
GICS
Specialized Finance (40201040)
Sector
Global Issuers, Structured Finance
Country
Germany
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Erste Abwicklungsanstalt" Jun 27, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Erste-Abwicklungsanstalt-1664172>
  
APA:
S&P Global Ratings’ Credit Research. (). Erste Abwicklungsanstalt Jun 27, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Erste-Abwicklungsanstalt-1664172>
  
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