DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Rating/Rating
IKB Deutsche Industriebank AG receives investment grade rating from Moody's and Fitch
[Düsseldorf, 15 January 2021] IKB has been assigned investment grade ratings from rating agencies Moody's and Fitch. Moody's has given IKB a deposit and issuer rating of Baa1 with a stable outlook, while Fitch has announced a deposit and issuer rating of BBB with a negative outlook.
These ratings satisfy the requirements of many business partners and institutional investors. Moody's highlighted in particular IKB's solid capital position in addition to its good asset quality, as well as its strong market position with German mid-cap clients. According to Fitch, IKB's clear business model, which focuses on public programme loans and commercial loans to the German upper mid-cap segment supports its credit strength. Other positive factors are its sound capital position and a strong refinancing and liquidity profile. Both rating agencies have emphasized the bank's recent positive revenue and cost development and the resulting improved profitability. Fitch's negative outlook mainly reflects the current overall market conditions in the banking sector and not necessarily IKB-specific concerns.
IKB Deutsche Industriebank AG supports medium-sized enterprises with loans, capital market services and advisory services.
15.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
IKB Deutsche Industriebank AG
+49 (0)211 8221-4511
+49 (0)211 8221-2511
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
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