The renowned rating agency ‘Fitch Ratings’ has once again reviewed and assessed the creditworthiness of our bank and has come to a positive conclusion:
- The ‘Long Term Issuer Default Rating’ (LT IDR) was raised by two notches from A- to A+. The background to the rating upgrade is a reassessment of the guarantee system of the Sparkassen Finanzgruppe (similar to the last rating upgrade by Moody’s in Q1/2024).
- The stand-alone rating is unchanged at bbb-.
Further information can be found in the rating report, which has already been published on the ‘Fitch Ratings’ website: https://www.fitchratings.com/research/structured-finance/covered-bonds/fitch-upgrades-saarlb-idr-to-a-stable-affirms-viability-rating-at-bbb-08-07-2024
