DBRS: Hypo Real Estate unchanged

DBRS said it commented that the ratings for Hypo Real Estate Holding AG and related entities are unchanged following the group's third quarter results.

DBRS said it maintained its senior unsecured long-term debt ratings of A (low) for HRE Holding and for Deutsche Pfandbriefbank AG, the groups' strategic core bank.

The trend is stable.

The company's third quarter results evidenced the solid progress achieved in restructuring and realigning the group, DBRS said.

While the earnings trajectory is positive, the full extent of this positive momentum will not be obvious for some time, so DBRS said it expects a certain level of volatility in earnings going forward.

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