Oberoesterreichische Landesbank AG - S&P Global Ratings’ Credit Research

Oberoesterreichische Landesbank AG

Oberoesterreichische Landesbank AG - S&P Global Ratings’ Credit Research
Oberoesterreichische Landesbank AG
Published Jun 05, 2009
1894 words — Published Jun 05, 2009
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Predominantly highly collateralized and granular loan portfolio Product expertise in the state's residential real-estate promotion activities Implicit support from State of Upper Austria (Land Oberoesterreich) as the majority shareholder Strategic cooperation with Raiffeisenlandesbank Oberösterreich Low operating profitability and earnings quality compared with both national and international players Reliance of business activity in low-margin public sector and mortgage lending High proportion of income from equity holdings in relation to operating revenues Comparably weak capitalization The ratings on Oberösterreichische Landesbank AG's (Hypo OÖ) senior unsecured unguaranteed obligations benefit from three notches of implicit ownership support from the State of Upper Austria (AAA/Stable/A-1+), due to the state's 51% ownership of the bank. Hypo OÖ is a "government-related entity". Standard&Poor's Ratings Services

  
Brief Excerpt:

RESEARCH Oberoesterreichische Landesbank AG Publication date: 05-Jun-2009 Primary Credit Analyst: Markus Schmaus, Frankfurt (49) 69-33-999-155; markus_schmaus@standardandpoors.com Secondary Credit Analyst: Volker von Kruechten, Frankfurt...

  
Report Type:

Full Report

Ticker
OBER@AV
Issuer
Oberoesterreichische Landesbank AG
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Austria
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Oberoesterreichische Landesbank AG" Jun 05, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oberoesterreichische-Landesbank-AG-726043>
  
APA:
S&P Global Ratings’ Credit Research. (). Oberoesterreichische Landesbank AG Jun 05, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Oberoesterreichische-Landesbank-AG-726043>
  
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