Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research

Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable

Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research
Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable
Published Nov 30, 2007
686 words — Published Nov 30, 2007
Price US$ 150.00  |  Buy this Report Now

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Abstract:

FRANKFURT (Standard&Poor's) Nov. 30, 2007--Standard&Poor's Ratings Services said today that it raised its long-term counterparty credit ratings on Germany-based Bayerische Hypo- und Vereinsbank AG (HVB) and related entities to 'A+' from 'A', thus equalizing them with those on HVB's 95.4% owner UniCredito Italiano SpA (UniCredito; A+/Stable/A-1). At the same time, the 'A-1' short-term counterparty credit rating was affirmed. The outlook is stable. "The rating action reflects our revision of HVB's group status to core from strategically important due to further progress in HVB's integration into UniCredito and its role as the group's center of competence for capital markets business and Germany," said Standard&Poor's credit analyst Stefan Best. This raises the ratings on HVB by

  
Brief Excerpt:

RESEARCH Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable Publication date: 30-Nov-2007 Primary Credit Analyst: Stefan Best, Frankfurt (49) 69-33-999-154; stefan_best@standardandpoors.com Secondary...

  
Report Type:

Ratings Action

Ticker
HVM@GR
Issuer
UniCredit Bank AG
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Germany
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable" Nov 30, 2007. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Germany-Based-HVB-L-T-Rating-Raised-To-A-A-1-S-T-Rating-Affirmed-Outlook-Stable-616322>
  
APA:
S&P Global Ratings’ Credit Research. (). Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable Nov 30, 2007. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Germany-Based-HVB-L-T-Rating-Raised-To-A-A-1-S-T-Rating-Affirmed-Outlook-Stable-616322>
  
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