Depfa's 500 mln eur issue assigned final long-term rating of 'A+' - Fitch |
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Thu, 22 Mar 2007 11:02
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LONDON (AFX) - Fitch Ratings has assigned a final long-term rating of 'A+' to UK-based DEPFA Funding IV LP's 500 mln eur issue of fixed rate/floating rate guaranteed non-voting non-cumulative perpetual preferred securities.The securities have the benefit of a subordinated guarantee from Depfa Bank PLC (Depfa).The securities are assigned Class E equity treatment, giving them 100 pct equity credit.The rating recognises the securities' subordinated ranking and guarantee from Depfa, their perpetual nature, the mechanisms for deferral of interest as well as the non-cumulative nature of the deferred interest.newsdesk@afxnews.compcm/raCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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DEPFA Bank affirmed 'AA-' by Fitch with stable outlook 