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Research Update: Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable

Published Nov 30, 2007

1004 words — Published Nov 30, 2007

Price US$ 225.00 | Buy this Report Now

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Abstract:

On Nov. 30, 2007, Standard&Poor's Ratings Services raised its long-term counterparty credit ratings on Germany-based Bayerische Hypo- und Vereinsbank AG (HVB) and related entities to 'A+' from 'A', thus equalizing them with those on HVB's 95.4% owner UniCredito Italiano SpA (UniCredito; A+/Stable/A-1). At the same time, the 'A-1' short-term counterparty credit rating was affirmed. The outlook is stable. The rating action reflects our revision of HVB's group status to core from strategically important due to further progress in HVB's integration into UniCredito and its role as the group's center of competence for capital markets business and Germany. This raises the ratings on HVB by three notches. It also reflects our expectation that HVB's improved financial profile due to

Brief Excerpt:

RESEARCH Research Update: Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable Publication date: 30-Nov-2007 Primary Credit Analyst: Stefan Best, Frankfurt (49) 69-33-999-154; stefan_best@standardandpoors.com...

Report Type:

Research Update

Ticker

HVM@GR

Issuer

UniCredit Bank AG

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Germany

Region

United States

Format:

HTML

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable" Nov 30, 2007. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Germany-Based-HVB-L-T-Rating-Raised-To-A-A-1-S-T-Rating-Affirmed-Outlook-Stable-616323>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Germany-Based HVB L-T Rating Raised To 'A+'; 'A-1' S-T Rating Affirmed; Outlook Stable Nov 30, 2007. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Germany-Based-HVB-L-T-Rating-Raised-To-A-A-1-S-T-Rating-Affirmed-Outlook-Stable-616323>

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