03 jun: Nedturen har skabt spændende købsmuligheder
07 jun: NETWORKING – SPILD AF TID ELLER GENVEJEN TIL SUCCES?
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

Tivoli/CEO: Ny sæson og Tivoli Hjørnet øger omsætningen

23-04-2018 13:39:42
Den nye sæson hos forlystelsesparken Tivoli, Vinter I Tivoli, har sammen med åbningen af Tivoli Hjørnet bidraget til, at omsætningen er steget i første kvartal 2018.Det vurderer Lars Liebst, der er administrerende direktør i Tivoli. - Vi har haft åbent til Vinter i Tivoli og åbnet vores hjørne, og det har været gode ting. Det kan man se på omsætningen, siger Lars Liebst til Ritzau Finans.Nettoomsæ..

Vestas-konkurrent: Møllepriser er faldet 13 pct. på årsbasis

23-04-2018 07:00:55
Den amerikanske Vestas-konkurrent GE Renewable Energy melder om fortsat prispres, hvilket selskabet forsøger at kompensere for gennem omkostningsreduktioner. I første kvartal faldt priserne på nye mølleenheder til ordrebogen med 13 pct. i forhold til samme periode sidste år. Det sagde finansdirektøren for General Electric, som GE Renewable Energy er en del af, Jamie Miller, fredag på en telekonfer..

Bavarian: Udenlandske kapitalfonde øger væddemålet på kursfald

20-04-2018 16:36:15
En række kapitalfonde har onsdag og torsdag øget sine shortpositioner i biotekselskabet Bavarian Nordic. Det viser en række indberetninger til Finanstilsynet. Torsdag har Capital Partners øget sin shortposition til 0,62 pct. af aktierne fra 0,54 pct. Ligeledes har AHL Partners øget sin shortposition til 1,31 pct. af Bavarian-aktierne. Tidligere havde kapitalfonden shortet 1,20 pct.Arrow Street øge..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas-konkurrent: Møllepriser er faldet 13 pct. på årsbasis
2
Bavarian-aktien har oplevet markant shortangreb efter regnskab
3
Aktier/tendens: Topdanmark kan få hovedrolle i neutralt marked
4
OK18: Overraskede lønmodtagere venter på svar fra staten
5
Pandora/Carnegie: Løfter kursmålet til 700 kr.

Relaterede aktiekurser

Deutsche Bank AG 14,22 -0,3% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer Cookie- og privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
23. april 2018 21:13:30
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180423.5 - EUROWEB2 - 2018-04-23 21:13:30 - 2018-04-23 21:13:30 - 1 - Website: OKAY