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Prospect News home > News index > List of issuers E > Headlines for Erste & Steiermarkische Bank dd > News item |
Fitch gives Erste & Steiermarkische notes BBB+
Fitch Ratings said it assigned Erste & Steiermarkische Bank dd's upcoming senior preferred bond offering an expected BBB+ long-term rating. The issue is expected to be euro-denominated with a six to seven-year maturity. The planned issue size is €400 million.
“ESB's senior preferred (SP) debt is rated in line with its long-term IDR, reflecting our current expectations that ESB will predominantly use SP to meet its resolution buffer requirements and that the more junior debt buffer will be significantly below 10% of the risk-weighted assets (RWA) of ESB's resolution group,” Fitch said in a press release.
The outlook is stable.
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