Fitch affirms Hypo

Fitch Ratings said it has affirmed Hypo Real Estate Holding AG's long-term issuer default rating at A- with stable outlook and its short-term issuer default rating at F1.

The support rating is upgraded to 1 from 5, the agency said, noting that the support rating floor has been revised to A- from No Floor while the individual rating is affirmed at F.

At the same time, Fitch added that it has affirmed the long- and short-term issuer default ratings of HRE Holding's operating subsidiaries, Hypo Real Estate Bank AG, Depfa Deutsche Pfandbriefbank AG, Depfa Bank plc, Depfa ACS Bank and Hypo Public Finance puc at A- with stable outlook and F1.

The support rating of each of these companies is also affirmed at 1, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.