Fitch Affirms Deutsche Postbank AG's Mortgage Pfandbriefe at 'AAA'; Outlook Stable

April 2, 2015 3:28 PM

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(The following statement was released by the rating agency) FRANKFURT/LONDON, April 02 (Fitch) Fitch Ratings has affirmed Deutsche Postbank AG's (Postbank, A+/Negative/F1+) EUR4.8bn mortgage Pfandbriefe at 'AAA' with Stable Outlook, following a periodic review of the programme.

KEY RATING DRIVERS The rating is based on Postbank's Long-term Issuer Default Rating (IDR) of 'A+', an unchanged IDR uplift of 2, an unchanged Discontinuity Cap (D-Cap) of 4 (moderate risk) and the 15.0% voluntary overcollateralisation (OC) commitment that Fitch takes into account in its analysis, w...

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