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Article: GERMANY: MOODY'S ASSIGNS AAA RATING TO AAREAL BANK'S GUARANTEED FIXED-RATE NOTES.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- March 25, 2009
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Moody's Investors Service today assigned a backed rating of Aaa to EUR2 billion of guaranteed fixed-rate notes of Aareal Bank AG (unrated), due 2012. The rating assigned to this instrument reflects that the obligations are backed by the Aaa-rated Federal Republic of Germany's guarantee. The outlook on the backed rating is stable, in line with the stable outlook on the Federal Republic of Germany's ratings. The Aaa rating on the debt securities is based on the unconditional and irrevocable nature of the guarantee (a measure introduced via the recent German Financial Market Stabilisation Act), which allows for the Aaa ratings assigned to the Federal Republic of Germany to ...