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IKB Deutsche Industriebank AG receives investment grade rating from Moody's and Fitch

·2-min read

DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Rating/Rating
15.01.2021 / 09:59
The issuer is solely responsible for the content of this announcement.

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.

Ratings IKB

Moody's

Fitch

Counterparty Risk Rating

Long-term

A3

NR

Short-term

P-2

NR

Issuer Credit Rating

Long-term

Baa1 (outlook: stable)

BBB (outlook: negative)

Short-term

P-2

F3

Deposit Rating

Long-term

Baa1 (outlook: stable)

BBB (outlook: negative)

Short-term

P-2

F3

Stand-alone Rating

 

baa3

bbb

 


Click here for further details.

Contact:
Andreas Misiek, phone: +49 211 8221-3073, e-mail: presse@ikb.de
Armin Baltzer, phone: +49 211 8221-6236, e-mail: presse@ikb.de

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.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

IKB Deutsche Industriebank AG

Wilhelm-Bötzkes-Straße 1

40474 Düsseldorf

Germany

Phone:

+49 (0)211 8221-4511

Fax:

+49 (0)211 8221-2511

E-mail:

investor.relations@ikb.de

Internet:

www.ikb.de

ISIN:

DE0008063306

WKN:

806330

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1160827


 

End of News

DGAP News Service

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