Moody’s: Berlin Hyp, Landesbank Berlin to positive

Moody's Investors Service said it affirmed the long-term debt, issuer and deposit ratings as well as all rating inputs of commercial real estate lender Berlin Hyp AG and savings bank Landesbank Berlin AG.

As key subsidiaries of the same group under Landesbank Berlin Holding AG (LBBH, unrated), the banks are closely linked via profit and loss transfer agreements with their parent, thereby maintaining important risk correlations between both entities which are captured by Moody's risk assessments.

The outlooks on the long-term ratings were changed to positive from stable for deposits and from negative for debt and issuer ratings previously, the agency said.

Moody’s said the change in outlook on the long-term debt, issuer and deposit ratings reflects the potential for upward ratings pressure if the strengthening of the two banks' credit profiles proves sustainable over Moody's 12- to 18-month outlook horizon.

© 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.