A company of LBBW
Ratings
| Moody's | Fitch | |||
| Rating | Outlook/ Watch | Rating | Outlook/ Watch | |
| Hypothekenpfandbriefe | Aaa | Stable | - | - |
| Senior Preferred | Aa3 | Stable | A | Stable |
| Senior Non-Preferred | A2 | Stable | A- | Stable |
| Short Term | P-1 | Stable | F1 | Stable |
| Viability / Adj. BCA | baa1 | Stable | bbb+ | Stable |
Latest rating actions
November 2022: FitchRatings affirmed Berlin Hyp’s Long-Term Issuer Default Rating (IDR) at “A-” with a Stable Outlook and its Viability Rating (VR) at “bbb+”.
Due to the completed acquisition of Berlin Hyp by LBBW on July 1, 2022, the following rating actions took place:
- Moody’s downgraded Berlin Hyp’s long-term deposit, issuer and senior unsecured debt ratings from Aa2 to Aa3. Further, Moody’s downgraded the bank’s Adjusted Baseline Credit Assessment (BCA) from a3 to baa1 and affirmed the bank’s ba1 BCA. The Outlook on the long-term deposit, issuer and senior unsecured debt rating has been changed to stable from ratings under review.
- FitchRatings downgraded Berlin Hyp’s Long-Term Issuer Default Rating (IDR) from A+ to A-, and its Short-Term IDR from F1+ to F1. Furthermore, the rating for Senior Preferred Bonds was downgraded from AA- to A. The bbb+ viability rating is not affected by this rating action. The Outlook was set to Stable.
