Moody’s LB Kiel tier one rating surprises market
Moody’s this week gave its clearest indication yet how Landesbanks will be rated once they are stripped of their state support mechanisms, by assigning a A3 rating to a groundbreaking tier one issue that Landesbank Schleswig-Holstein (LB Kiel) will soon launch via Lehman Brothers — a rating higher than most analysts had been predicting.
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