FRANKFURT (Standard&Poor's) Oct. 15, 2004--Standard&Poor's Ratings Services said today that the guaranteed 'AA' ratings on DekaBank Deutsche Girozentrale (DekaBank; AA/Negative/A-1+) are unaffected by the Oct. 13, 2004, announcement by the bank that it is prepared to repurchase real estate investment fund certificates of Deka-ImmobilienFonds, issued by its asset management company without limitations, and its intention to restructure the fund to restore its performance. Although financial support from DekaBank's owners--the Landesbanks and savings banks--is currently not considered to be necessary, the owners are fully responsible, owing to their unlimited guarantees for DekaBank until July 18, 2005 (for further information see the summary on DekaBank published on Sept. 3, 2004, on RatingsDirect, Standard&Poor's Web-based credit analysis
