Ratings of R+V Versicherung AG Placed on CreditWatch With Negative Implications - S&P Global Ratings’ Credit Research

Ratings of R+V Versicherung AG Placed on CreditWatch With Negative Implications

Ratings of R+V Versicherung AG Placed on CreditWatch With Negative Implications - S&P Global Ratings’ Credit Research
Ratings of R+V Versicherung AG Placed on CreditWatch With Negative Implications
Published Feb 19, 2001
Published Feb 19, 2001
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Abstract:

LONDON (Standard&Poor's CreditWire) Feb. 19, 2001--Standard&Poor's today placed its double-'A'-minus counterparty credit and financial strength ratings on R+V Versicherung AG (R+V) on CreditWatch with negative implications (see list below). The rating action follows the announcement of a proposed merger of DG-Bank (unrated) and GZ-Bank AG Frankfurt/Stuttgart (A+/Watch Neg/A-1), the two largest central banks of the German co-operative banking sector. It also reflects the resulting changes in R+V's ownership structure and the implications for the co-operative banking sector against the background of continuing asset quality and pressures on profitability. Standard&Poor's will hold meetings with the R+V group and DG-Bank and GZ-Bank's respective management to discuss the proposed merger and its possible effects before assessing R+V's

  
Report Type:

Ratings Action

Ticker
RVLV@GR
Issuer
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Ratings of R+V Versicherung AG Placed on CreditWatch With Negative Implications" Feb 19, 2001. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-of-R-V-Versicherung-AG-Placed-on-CreditWatch-With-Negative-Implications-183166>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings of R+V Versicherung AG Placed on CreditWatch With Negative Implications Feb 19, 2001. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-of-R-V-Versicherung-AG-Placed-on-CreditWatch-With-Negative-Implications-183166>
  
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