S&PCORRECT: Ratings On Commerzbank AG Cut to 'A-/A-2' As Economic Slump Weighs On Profits - S&P Global Ratings’ Credit Research

S&PCORRECT: Ratings On Commerzbank AG Cut to 'A-/A-2' As Economic Slump Weighs On Profits

S&PCORRECT: Ratings On Commerzbank AG Cut to 'A-/A-2' As Economic Slump Weighs On Profits - S&P Global Ratings’ Credit Research
S&PCORRECT: Ratings On Commerzbank AG Cut to 'A-/A-2' As Economic Slump Weighs On Profits
Published Oct 08, 2002
Published Oct 08, 2002
Price US$ 150.00  |  Buy this Report Now

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Abstract:

(Editor's note: In the media release published earlier today, the date was misstated in the first line. A corrected version of the article follows.) FRANKFURT (Standard&Poor's) Oct. 8, 2002--Standard&Poor's Ratings Services said today it lowered its long-term counterparty credit and certificate of deposit ratings on Commerzbank AG, and related entities, to single-'A'-minus from single-'A' and its short-term counterparty credit and certificate of deposit ratings to 'A-2' from 'A-1'. The outlook is negative. At the same time, Standard&Poor's lowered its long-term counterparty credit and senior unsecured debt rating on Hypothekenbank in Essen AG (Hypo Essen) to triple-'B'-plus from single-'A' minus. The outlook is negative. In addition, the 'A-2' short-term counterparty credit rating on Hypo Essen

  
Report Type:

Ratings Action

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

  
MLA:
S&P Global Ratings’ Credit Research. "S&PCORRECT: Ratings On Commerzbank AG Cut to 'A-/A-2' As Economic Slump Weighs On Profits" Oct 08, 2002. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-Ratings-On-Commerzbank-AG-Cut-to-A-A-2-As-Economic-Slump-Weighs-On-Profits-268958>
  
APA:
S&P Global Ratings’ Credit Research. (). S&PCORRECT: Ratings On Commerzbank AG Cut to 'A-/A-2' As Economic Slump Weighs On Profits Oct 08, 2002. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-Ratings-On-Commerzbank-AG-Cut-to-A-A-2-As-Economic-Slump-Weighs-On-Profits-268958>
  
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