European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

KfW

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
AAA Outlook STA 26.11.2020 22.12.2020
AAA Watch UNW 29.05.2020 03.06.2020
AAA Outlook STA 19.12.2019 23.12.2019
AAA Outlook STA 15.08.2018 06.09.2018

News

  • 22.12.2020
    Creditreform Rating has revised its outlook on the KfW to stable from watch UNW and affirmed the rating of KfW of AAA. Creditreform Rating has also affirmed the rating of AAA of the preferred Senior Unsecured.
  • 03.06.2020
    Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
  • 23.12.2019
    Creditreform Rating has affirmed the rating of Kreditanstalt für Wiederaufbau (KfW) at AAA. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) at AAA.
  • 06.09.2018
    Creditreform Rating has set the rating of KfW to AAA, with stable outlook. Creditreform Rating has also determined the ratings of the Senior Unsecured to AAA.

Reports