Ratings on Four of Bayerische Hypo- und Vereinsbank's Units Cut to 'BBB+/A-2';Outlook Negative - S&P Global Ratings’ Credit Research

Ratings on Four of Bayerische Hypo- und Vereinsbank's Units Cut to 'BBB+/A-2';Outlook Negative

Ratings on Four of Bayerische Hypo- und Vereinsbank's Units Cut to 'BBB+/A-2';Outlook Negative - S&P Global Ratings’ Credit Research
Ratings on Four of Bayerische Hypo- und Vereinsbank's Units Cut to 'BBB+/A-2';Outlook Negative
Published Dec 09, 2002
Published Dec 09, 2002
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About This Report

  
Abstract:

FRANKFURT (Standard&Poor's) Dec. 9, 2002--Standard&Poor's Ratings Services said today it lowered its long-term counterparty credit and senior unsecured debt ratings on HVB Real Estate Bank AG (HVB REB), Wuerttembergische Hypothekenbank AG (WürttHyp), Westfaelische Hypothekenbank AG (WestHyp), and Pfandbrief Bank International S.A. (PBI) to 'BBB+' from 'A-'. At the same time, the 'A-2' short-term counterparty credit ratings were affirmed. The outlook is negative. In addition, the ratings on all four entities were removed from CreditWatch, where they were placed on Oct. 24, 2002, following weaker-than-expected third-quarter results of their majority owner, Bayerische Hypo- und Vereinsbank AG (HVB), and HVB's announcement concerning its spin-off of its mortgage bank subsidiaries. The long-term counterparty credit and senior unsecured debt ratings

  
Report Type:

Ratings Action

Ticker
HVM@GR
Issuer
UniCredit Bank AG
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Germany
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings on Four of Bayerische Hypo- und Vereinsbank's Units Cut to 'BBB+/A-2';Outlook Negative" Dec 09, 2002. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-on-Four-of-Bayerische-Hypo-und-Vereinsbank-s-Units-Cut-to-BBB-A-2-Outlook-Negative-279661>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings on Four of Bayerische Hypo- und Vereinsbank's Units Cut to 'BBB+/A-2';Outlook Negative Dec 09, 2002. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-on-Four-of-Bayerische-Hypo-und-Vereinsbank-s-Units-Cut-to-BBB-A-2-Outlook-Negative-279661>
  
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