Ratings On DekaBank Deutsche Girozentrale's Public Sector Covered Bonds Affirmed; Then Withdrawn At The Issuer's Request - S&P Global Ratings’ Credit Research

Ratings On DekaBank Deutsche Girozentrale's Public Sector Covered Bonds Affirmed; Then Withdrawn At The Issuer's Request

Ratings On DekaBank Deutsche Girozentrale's Public Sector Covered Bonds Affirmed; Then Withdrawn At The Issuer's Request - S&P Global Ratings’ Credit Research
Ratings On DekaBank Deutsche Girozentrale's Public Sector Covered Bonds Affirmed; Then Withdrawn At The Issuer's Request
Published Apr 13, 2017
3 pages (1328 words) — Published Apr 13, 2017
Price US$ 150.00  |  Buy this Report Now

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Abstract:

OVERVIEW We have affirmed our 'AAA' ratings on DekaBank Deutsche Girozentrale's public sector covered bond program and related issuances. We have subsequently withdrawn the ratings on the program and related issuances at the issuer's request. The outlook on the ratings was stable. LONDON (S&P Global Ratings) April 13, 2017--S&P Global Ratings today affirmed its 'AAA' ratings on DekaBank Deutsche Girozentrale's public sector covered bond program and related issuances ("Oeffentliche Pfandbriefe"). We have subsequently withdrawn the ratings on the program and all related issues at the issuer's request. Today's rating actions follow our review of the covered bond program under our relevant criteria (see "Related Criteria"). Covered bond programs in Germany are subject to the European Union's Bank Recovery and Resolution

  
Brief Excerpt:

...OVERVIEW + We have affirmed our '###' ratings on DekaBank Deutsche Girozentrale's public sector covered bond program and related issuances. + We have subsequently withdrawn the ratings on the program and related issuances at the issuer's request. + The outlook on the ratings was stable. LONDON (S&P Global Ratings) April 13, 2017--S&P Global Ratings today affirmed its '###' ratings on DekaBank Deutsche Girozentrale's public sector covered bond program and related issuances ("Oeffentliche Pfandbriefe"). We have subsequently withdrawn the ratings on the program and all related issues at the issuer's request. Today's rating actions follow our review of the covered bond program under our relevant criteria (see "Related Criteria"). Covered bond programs in Germany are subject to the European Union's Bank Recovery and Resolution Directive (BRRD). Our assessment of the systemic importance for public sector programs in Germany is very strong, which under our covered bonds criteria, places the reference...

  
Report Type:

Ratings Action

Ticker
1030Z@GR
Issuer
DekaBank Deutsche Girozentrale
GICS
Asset Management & Custody Banks (40203010)
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. "Ratings On DekaBank Deutsche Girozentrale's Public Sector Covered Bonds Affirmed; Then Withdrawn At The Issuer's Request" Apr 13, 2017. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-DekaBank-Deutsche-Girozentrale-s-Public-Sector-Covered-Bonds-Affirmed-Then-Withdrawn-At-The-Issuer-s-Request-1831510>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On DekaBank Deutsche Girozentrale's Public Sector Covered Bonds Affirmed; Then Withdrawn At The Issuer's Request Apr 13, 2017. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-DekaBank-Deutsche-Girozentrale-s-Public-Sector-Covered-Bonds-Affirmed-Then-Withdrawn-At-The-Issuer-s-Request-1831510>
  
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