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Moody's
Counterparty Risk Rating / Assessment A1 / A1 (cr)
Deposit Rating (Junior Deposits) A1 stable
Long-term Issuer Credit Rating / Preferred senior unsecured debt (senior) A1 negative
Non-preferred senior unsecured debt (junior senior) Baa2
Stand-alone Rating (Baseline Credit Assessment) baa2
Subordinated debt (Tier 2) Baa3
Additional Tier-1 (AT1) Ba2
Short-term debt P-1

Rating Reports  
Credit OpinionApril 30, 2021 PDF, 1.5 MB
Issuer In-depthMarch 22, 2021 PDF, 1.3 MB
Issuer CommentNovember 6, 2020 PDF, 1.3 MB
Credit OpinionOctober 6, 2020 PDF, 1.5 MB
Press ReleaseSeptember 25, 2020 PDF, 120 kB
Issuer CommentAugust 7, 2020 PDF, 1.3 MB
Issuer CommentMay 13, 2020 PDF, 1.2 MB
Issuer CommentFebruary 14, 2020 PDF, 1.2 MB
Rating ActionJune 25, 2019 PDF, 114 kB

Pfandbriefe
Mortgage Pfandbriefe Aaa
Public Sector Pfandbriefe Aaa

Rating Reports  
Performance Overview: Mortgage Covered BondsMarch 31, 2021 PDF, 1.3 MB
Performance Overview: Public Sector Covered BondsMarch 31, 2021 PDF, 627 kB
Credit Opinion: Mortgage Covered BondsApril 11, 2019 PDF, 1.9 MB
Credit Opinion: Public Sector Covered BondsApril 26, 2019 PDF, 1.7 MB

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