Ratings On German Banks' Lower Tier 2 Sub Debt Lowered Due To Bank Restructuring Act; Other Debt Ratings Not Affected - S&P Global Ratings’ Credit Research

Ratings On German Banks' Lower Tier 2 Sub Debt Lowered Due To Bank Restructuring Act; Other Debt Ratings Not Affected

Ratings On German Banks' Lower Tier 2 Sub Debt Lowered Due To Bank Restructuring Act; Other Debt Ratings Not Affected - S&P Global Ratings’ Credit Research
Ratings On German Banks' Lower Tier 2 Sub Debt Lowered Due To Bank Restructuring Act; Other Debt Ratings Not Affected
Published Feb 28, 2011
Published Feb 28, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We are lowering our ratings on lower Tier 2 subordinated debt issued by Germany-incorporated banks. These rating actions follow a review of Germany's Bank Reorganization Act and the application of our methodology for rating lower Tier 2 subordinated debt. The extent of the downgrades varies by issuer and ranges between one and three notches. FRANKFURT (Standard&Poor's) Feb. 28, 2011--Standard&Poor's Ratings Services said today that it had lowered its ratings on lower Tier 2 (LT2) subordinated debt issued by Germany-incorporated banks. These rating actions follow our review of Germany's Bank Restructuring Act (BRA). The changes are set out in the ratings list below. The impact on ratings is greatest for banks with issuer credit ratings and LT2

  
Report Type:

Ratings Action

Ticker
CBK@GR
Issuer
Commerzbank AG
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Germany
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On German Banks' Lower Tier 2 Sub Debt Lowered Due To Bank Restructuring Act; Other Debt Ratings Not Affected" Feb 28, 2011. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-German-Banks-Lower-Tier-2-Sub-Debt-Lowered-Due-To-Bank-Restructuring-Act-Other-Debt-Ratings-Not-Affected-850878>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On German Banks' Lower Tier 2 Sub Debt Lowered Due To Bank Restructuring Act; Other Debt Ratings Not Affected Feb 28, 2011. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-German-Banks-Lower-Tier-2-Sub-Debt-Lowered-Due-To-Bank-Restructuring-Act-Other-Debt-Ratings-Not-Affected-850878>
  
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