04 jun: Europa/aktier: Blandet bedring med finans i front
06 jun: Ratingbureau: Grækere kan ryge ud af euroen
06-06-2012 02:25:00

Moody's Lowers Ratings on 6 German Banks

Relateret indhold
Relateret debat
25 apr - 
Må siges at være et af de mere spændende papirer, de er..

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

Økonomisk planlægning

22-06-2017 09:52:24
Sponsoreret indhold:Alle har brug for en økonomisk plan. Men hvor skal du begynde? Vi forklarer hvordan i fire enkle trin.Selvom det kan virke overvældende at skulle planlægge sin økonomiske fremtid (der er så meget, der kan ske og så mange overvejelser), så behøver det ikke være stressende at lære at udarbejde en økonomisk plan, hvis du gør det rigtigt. Som alle store spørgsmål i livet er planlæg..

Aktier/tendens: Mærsk og Tryg kan komme i fokus

14-06-2017 08:08:45
A.P. Møller-Mærsk kan onsdag blive påvirket af kinesiske nøgletal og et løftet kursmål hos et større amerikansk finanshus, mens forsikringsselskabet Tryg kan blive presset af en sænket anbefaling af aktien af et italiensk finanshus.Overordnet set ventes det europæiske aktiemarked onsdag at åbne tæt på uændret, og mange investorer vil formentlig forholde sig afventende forud for resultatet af todag..

Carlsberg-konkurrent er klar til indrømmelser for britisk opkøb

13-06-2017 16:19:06
Den hollandske bryggerigigant Heineken, som blandt andet konkurrerer med Carlsberg, er parat til at komme med indrømmelser over for myndighederne i Storbritannien for at få lov til at overtage den britiske pubkæde Punch Taverns.Det skriver Bloomberg News, efter at de britiske konkurrencemyndigheder, Competition and Markets Authority (CMA), tidligere har advaret Heineken om, at selskabets overtagel..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Lundbeck kan gå fra top til flop
2
Novo-fondens investeringsselskab skifter navn for at undgå forvirring
3
Tysk storbank tager ordentlig bet i forbindelse med fyringer
4
Børsdebutant fik en fornem start på børstilværelsen - steg 41 pct.
5
Lundbeck lider nyt nederlag - USA afviser Brintellix-ansøgning

Relaterede aktiekurser

Deutsche Bank AG 16,65 -0,5% Fald i aktiekurs
Commerzbank I 10,00 0,0% Aktiekurs uændret
Commerzbank AG ORD NPV 9,51 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
23. juni 2017 21:06:33
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170623.1 - EUROWEB2 - 2017-06-23 21:06:33 - 2017-06-23 21:06:33 - 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