S&P OKs HRE group, Fitch split after asset transfer
Standard & Poor’s on Friday affirmed at BBB the ratings of five rated members of Hypo Real Estate group following a transfer of assets to run-off entity FMS Wertmanagement. Fitch affirmed Deutsche Pfandbriefbank but cut those of Depfa Bank plc and subsidiaries Depfa ACS Bank and Hypo Public Finance Bank.
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