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Moody's acts on Berlin Hyp, Landesbank Berlin

Aug 01, 2017 - SNL European Financials Daily

Moody's on July 28 upgraded the long-term deposit ratings of Landesbank Berlin AG and its sister company, Berlin Hyp AG, among other ratings actions.

The rating agency upgraded Landesbank Berlin's long-term deposit ratings to Aa2 from Aa3, long-term counterparty risk assessment to Aa2(cr) from Aa3(cr), baseline credit assessment to "baa2" from "ba1" and adjusted baseline credit assessment to "a3" from "baa1." Moody's also affirmed the bank's short-term deposit ratings at P-1, short-term co...