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Article: FHC/LHB Oeff Pfandbf Afmd;Cparty Rtgs Cut;Off S&PWatch.
- Article from:
- Business Wire
- Article date:
- August 26, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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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LONDON--(BUSINESS WIRE)--Standard & Poor's CreditWire 8/26/98-- Standard & Poor's today lowered to double-'A'-plus from triple-'A' its counterparty credit ratings of Frankfurter Hypothekenbank Centralboden AG (FHC) and Luebecker Hypothekenbank AG (LHB), following the downgrade of its parent company, Deutsche Bank AG (see related press release). The outlook is negative. The ratings were removed from CreditWatch where they were placed with negative implications Jan. 28, 1998. The counterparty ratings reflect the bank's ownership by double-'A'-plus rated Deutsche Bank AG (DB) and its important role in one of the group's core domestic business activities. The mortgage ...