Berlin Hyp swaps S&P for Fitch to align with LBB

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Berlin Hyp swaps S&P for Fitch to align with LBB

In brief: Standard & Poor’s yesterday (Monday) affirmed and withdrew its AAA rating of Berlin-Hannoversche Hypothekenbank’s public sector Pfandbriefe. The issuer requested the action because so that it is now rated by the same agencies as its majority owner, Landesbank Berlin.

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