S&P Corrects Administrative Error By Lowering Its Ratings On Two Commerzbank Debt Issues To 'BBB-' - S&P Global Ratings’ Credit Research

S&P Corrects Administrative Error By Lowering Its Ratings On Two Commerzbank Debt Issues To 'BBB-'

S&P Corrects Administrative Error By Lowering Its Ratings On Two Commerzbank Debt Issues To 'BBB-' - S&P Global Ratings’ Credit Research
S&P Corrects Administrative Error By Lowering Its Ratings On Two Commerzbank Debt Issues To 'BBB-'
Published Aug 04, 2011
938 words — Published Aug 04, 2011
Price US$ 150.00  |  Buy this Report Now

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Abstract:

FRANKFURT (Standard&Poor's) Aug. 4, 2011--Standard&Poor's Ratings Services today corrected its ratings on two subordinated Lower Tier 2 debt instruments issued by Germany-based Commerzbank AG by lowering them to 'BBB-' from 'A'. Due to an administrative error, we initially rated the issues as if they were senior unsecured securities. The debt issues affected by the correction are: €57 mil. fltg rate med-term nts due 09/24/2019 €20 mil. fltg rate med-term nts due 04/15/2020 The debt type for these issues has also been corrected to "subordinated" from "senior unsecured".

  
Brief Excerpt:

RESEARCH S&P Corrects Administrative Error By Lowering Its Ratings On Two Commerzbank Debt Issues To '###-' Publication date: 04-Aug-2011 Primary Credit Analyst: Harm Semder, Frankfurt (49) 69-33-999-158; harm_semder@standardandpoors.com...

  
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:
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MLA:
S&P Global Ratings’ Credit Research. "S&P Corrects Administrative Error By Lowering Its Ratings On Two Commerzbank Debt Issues To 'BBB-'" Aug 04, 2011. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Administrative-Error-By-Lowering-Its-Ratings-On-Two-Commerzbank-Debt-Issues-To-BBB-883157>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects Administrative Error By Lowering Its Ratings On Two Commerzbank Debt Issues To 'BBB-' Aug 04, 2011. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Administrative-Error-By-Lowering-Its-Ratings-On-Two-Commerzbank-Debt-Issues-To-BBB-883157>
  
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