04 jun: Europa/aktier: Blandet bedring med finans i front
06 jun: Havvindmøller trues af langsomt elnet
06-06-2012 02:25:00

Moody's Lowers Ratings on 6 German Banks

Relateret indhold

Moody's Investors Service lowered its investment-grade ratings on six German banks by one notch, pointing to increased risk of further shocks from the euro-zone sovereign debt crisis as well as the banks' limited loss-absorption capacity.

Commerzbank AG (CRZBY, CBK.XE) and Unicredit Bank AG's ratings were lowered to A3, and both banks have negative outlooks. DekaBank Deutsche Girozentrale and DZ BANK AG Deutsche Zentral-Genossenschaftsb's ratings were lowered to A1, and both have stable outlooks. Landesbank Baden-Wuerttemberg and Norddeutsche Landesbank GZ ratings were lowered to A3, with stable outlooks.

Moody's also downgraded the long-term ratings for several subsidiaries of these banks by up to three notches and lowered the ratings of a German subsidiary of a foreign group.

Moody's noted that these banks are exposed to asset classes that are likely to be affected by a worsening operating environment in Europe. Asset vulnerabilities include exposure to the global shipping sector, international commercial real-estate markets, legacy holdings of structured credit products and securities to stressed euro-zone countries, the firm said. Additionally, Moody's said these banks have limited loss-absorption capacity, given their comparatively small equity cushions relative to total assets and low preprovision earnings.

Moody's noted that German banks' ratings have declined less than other European banks due to the comparatively benign operating environment in the German home market, supported by below-average unemployment, low debt levels and the German economy's general resilience, as well as modest funding risk.

On Tuesday, Moody's also affirmed WGZ BANK AG Westdeutsche Genos.-Zentralb's ratings at A1 with a negative outlook.

The firm said its ongoing review for Deutsche Bank AG (DB, DBK.Xe) and its units will be concluded with the review for other global firms with large capital-markets operations.

Earlier Tuesday, Moody's Investors Service lowered its investment-grade ratings on Austria's three largest banks, pointing to their vulnerability to adverse operating conditions in some core markets in central and eastern Europe as well as the increased risk of further shocks from the sovereign-debt crisis.

-Write to Nathalie Tadena at nathalie.tadena@dowjones.com

(END) Dow Jones Newswires

June 05, 2012 20:25 ET (00:25 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Norwegian har skrevet toårig overenskomst med kabinepersonalet

05-02-2016 15:55:23
Norwegians kabineselskaber, Norwegian Kabinforening (NK) og fagforeningen Parat har de seneste uger forhandlet om en ny overenskomst for de kabineansatte i Danm..

Genmab/Danske: Storudsalg af aktier bør ikke give panderynker

05-02-2016 12:17:09
På overfladen kunne det se mystisk ud, at ventureselskabet Johnson & Johnson Innovation har solgt en stor del sin beholdning af aktier i biotekselskabet Genmab...

Aktier/åbning: Genmab falder markant i de første handler

05-02-2016 09:29:22
Det amerikanske udslag af aktier i Genmab får kursen til at droppe fredag morgen med 7,6 pct. til 741,50 kr. Det er Johnson & Johnson Innovation, der har solgt ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Novo kan på ny komme i fokus
2
Aktier/PFA: Kombination af flere faktorer fører til dyk
3
Aktier/middag: Genmab og Vestas rykker dybest i panikmarked
4
Aktier/åbning: Genmab, Vestas og Novo trækker ned
5
USA/Danske Invest: Snakken om recession vil forstumme

Relaterede aktiekurser

Deutsche Bank AG 15,44 -8,6% Fald i aktiekurs
Commerzbank AG ORD NPV 6,70 -8,1% Fald i aktiekurs
Commerzbank I 7,60 -5,7% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
8. februar 2016 17:50:31
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160208.2 - EUROWEB6 - 2016-02-08 17:50:31 - 2016-02-08 17:50:31 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x