Fitch affirms 6 German states at AAA; outlooks stable–Rtrs

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It’s not all downgrades out there. Six German laender have had their ratings affirmed at AAA by Fitch.

Fitch Ratings has affirmed the six German federated states (Laender) of Berlin, Lower Saxony, North Rhine Westphalia, Rhineland-Palatinate, Saxony-Anhalt and Schleswig-Holstein Long-term foreign and local currency issuer ratings at ‘AAA’ with Stable Outlook.

2012-11-27T16:01:30+0000

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Germany

Jamie Coleman

One Comment

  1. Hi Jamie,
    this is just another one of these ridiculous European jokes. I am born and bred in Schleswig-Holstein, and without any emotional attachment there is only one possible result of any serious analysis: it is bust for about twenty years plus… same for the Landesbank S-H now absorbed into the Nordbank. Absurd what the national guarantee can achieve… why do they even bother to separately rate the Länder?

    Keep Calm and Carry On, :-)

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