German Bank Ratings Affirmed Under Revised Financial Institutions Criteria

We have reviewed our ratings on 11 German banks or banking groups under our revised "Financial Institutions Rating Methodology". We have affirmed the ratings on these banks or banking groups, and the outlooks are unchanged. FRANKFURT (S&P Global Ratings) Jan. 28, 2022--S&P Global Ratings today said that it has affirmed its issuer and issue credit ratings on the following 11 banks or banking groups and their subsidiaries. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology," published Dec. 9, 2021 and "Banking Industry Country Risk Assessment Methodology And Assumptions," published Dec. 9, 2021). The affirmations include: The Cooperative Banking

...January 28, 2022 - We have reviewed our ratings on 11 German banks or banking groups under our revised "Financial Institutions Rating Methodology". - We have affirmed the ratings on these banks or banking groups, and the outlooks are unchanged. FRANKFURT (S&P Global Ratings) Jan. 28, 2022--S&P Global Ratings today said that it has affirmed its issuer and issue credit ratings on the following 11 banks or banking groups and their subsidiaries. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology," published Dec. 9, 2021 and "Banking Industry Country Risk Assessment Methodology And Assumptions," published Dec. 9, 2021). The affirmations include: - The Cooperative Banking Sector Germany (issuer credit rating [ICR] A+/Stable/A-1) and its related core members including DZ Bank AG - Core members of S-Finanzgruppe Hessen-Thueringen...

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