FRANKFURT (S&P Global Ratings) April 30, 2025--S&P Global Ratings today said it assigned an 'A-' issue rating to the proposed senior unsecured preferred notes to be issued by Wuestenrot Bausparkasse AG (WBSK; A-/Stable/A-1). Consistent with our published criteria, the issue rating is in line with the long-term issuer credit rating. We view the issuance as aligned with WBSK's long-term funding strategy, and think it reflects the upcoming maturities of existing senior funding and the anticipated stronger growth in the bank's plain vanilla mortgage business. General Criteria: Hybrid Capital: Methodology And Assumptions , Feb. 10, 2025 Criteria Financial Institutions General: Risk-Adjusted Capital Framework Methodology , April 30, 2024 Criteria Financial Institutions General: Financial Institutions Rating Methodology , Dec. 9, 2021
