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Article: GERMANY: MOODY'S REVIEWS RATINGS OF HYPO REAL ESTATE ENTITIES.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- July 20, 2008
CopyrightCOPYRIGHT 2008 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service today placed the A1 senior debt and deposit ratings, the A2 senior and junior subordinated debt ratings, and the C+ bank financial strength rating (BFSR) of Hypo Real Estate Bank International AG ("HREI") on review for downgrade. At the same time, the rating agency put the A2 senior debt and deposit ratings, the A3 senior and junior subordinated debt ratings, and the C- BSFR of Hypo Real Estate Bank AG ("HREB") on review for possible upgrade. Both banks' short-term ratings of Prime-1 were affirmed. The rating actions follow Hypo Real Estate Group's recent indication of plans to merge the higher-rated HREI with its lower-rated sister bank ...