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European rating agency. Objective, transparent, independent.

Landesbank Hessen-Thüringen Girozentrale Helaba (Konzern)

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A- Watch NEW 24.03.2020 28.03.2020
A- Outlook STA 17.09.2019 01.10.2019
A- Outlook STA 20.04.2018 02.05.2018
A Outlook STA 23.02.2017 03.03.2017

News

  • 28.03.2020
    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.
  • 01.10.2019
    Creditreform Rating has affirmed the rating of Landesbank Hessen-Thüringen (Group) at A-. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of AT1 capital with BB and Tier 2 capital at BB+ and the rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) at A-. Moreover, the rating of Non-Preferred Senior Unsecured debt was set to BBB+.
  • 02.05.2018
    Creditreform Rating has set the rating of Landesbank Hessen-Thüringen Girozentrale Helaba to A-, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Additional Tier 1 was set to BB, the rating of Tier 2 to BB+ and the rating of the Senior Unsecured to A-.
  • 03.03.2017
    Creditreform Rating has set the bank rating of Landesbank Hessen-Thüringen Helaba to A. The outlook is stable. The rating is based on the strong representation in the saving banks sector and the good asset quality. The Landesbank Hessen-Thüringen Helaba is a savings central bank and due to its geographical extension responsible for about 40% of German savings banks. In addition, the Frankfurter Sparkasse is a wholly owned consolidated subsidiary. On the other hand, the low profitability within the competitive environment, and the high personnel costs have an adverse effect on the rating.