NRW.BANK And Erste Abwicklungsanstalt Outlooks Revised To Negative On Similar Action On NRW; 'AA/A-1+' Ratings Affirmed - S&P Global Ratings’ Credit Research

NRW.BANK And Erste Abwicklungsanstalt Outlooks Revised To Negative On Similar Action On NRW; 'AA/A-1+' Ratings Affirmed

NRW.BANK And Erste Abwicklungsanstalt Outlooks Revised To Negative On Similar Action On NRW; 'AA/A-1+' Ratings Affirmed - S&P Global Ratings’ Credit Research
NRW.BANK And Erste Abwicklungsanstalt Outlooks Revised To Negative On Similar Action On NRW; 'AA/A-1+' Ratings Affirmed
Published Oct 29, 2024
4 pages (1699 words) — Published Oct 29, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On Oct. 25, 2024, we revised our outlook on the German state of North Rhine-Westphalia (NRW) to negative from stable. We align our ratings on government-related entities (GREs) NRW.BANK and Erste Abwicklungsanstalt (EAA) with our ratings on NRW because, in our opinion, they enjoy an almost certain likelihood of extraordinary government support. Consequently, we revised our outlook on NRW.BANK and EAA to negative from stable and affirmed our 'AA/A-1+' ratings on both entities. The negative outlook reflects that on NRW. FRANKFURT (S&P Global Ratings) Oct. 29, 2024--S&P Global Ratings today revised its outlook on Germany-based NRW.BANK and EAA to negative from stable. We affirmed our 'AA/A-1+' long- and short-term issuer credit ratings on both entities. The outlook revisions follow a

  
Brief Excerpt:

...- On Oct. 25, 2024, we revised our outlook on the German state of North Rhine-Westphalia (NRW) to negative from stable. - We align our ratings on government-related entities (GREs) NRW.BANK and Erste Abwicklungsanstalt (EAA) with our ratings on NRW because, in our opinion, they enjoy an almost certain likelihood of extraordinary government support. - Consequently, we revised our outlook on NRW.BANK and EAA to negative from stable and affirmed our '##/A-1+' ratings on both entities. - The negative outlook reflects that on NRW....

  
Report Type:

Ratings Action

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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "NRW.BANK And Erste Abwicklungsanstalt Outlooks Revised To Negative On Similar Action On NRW; 'AA/A-1+' Ratings Affirmed" Oct 29, 2024. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/NRW-BANK-And-Erste-Abwicklungsanstalt-Outlooks-Revised-To-Negative-On-Similar-Action-On-NRW-AA-A-1-Ratings-Affirmed-3275814>
  
APA:
S&P Global Ratings’ Credit Research. (). NRW.BANK And Erste Abwicklungsanstalt Outlooks Revised To Negative On Similar Action On NRW; 'AA/A-1+' Ratings Affirmed Oct 29, 2024. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/NRW-BANK-And-Erste-Abwicklungsanstalt-Outlooks-Revised-To-Negative-On-Similar-Action-On-NRW-AA-A-1-Ratings-Affirmed-3275814>
  
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