Our ratings on DekaBank reflect its 'a-' anchor, as well as our view of its "moderate" business position, "adequate" capital and earnings, "moderate" risk position, "average" funding, and "adequate" liquidity, as our criteria define these terms. The stand-alone credit profile (SACP) is 'bbb'. The ratings benefit from a three-notch uplift for potential support from DekaBank's owners, the German savings banks, in a crisis. Under our bank criteria, we use our Banking Industry Country Risk Assessment's economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating. Our anchor for a commercial bank operating only in Germany is 'a-', based on an economic risk score of '1' and an industry risk score
