Creditreform Rating has revised its outlook on the Commerzbank AG (Group) to negative from watch negative and affirmed the rating of Commerzbank AG (Group) at BBB+. Creditreform Rating has also affirmed the rating of BB- of Additional Tier 1, the rating of BB of Tier 2 and the rating of BBB+ of the Preferred Senior Unsecured. The rating of Non-Preferred Senior Unsecured Debt was confirmed at BBB. For more details regarding the rating, we refer to our rating report on our homepage.
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has affirmed the rating of Commerzbank AG at BBB+. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 Capital at BB- and the rating of Tier 2 Capital at BB. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was affirmed at BBB+. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to BBB.