Fitch Affirms DHB's IDR at 'BBB-; Downgrades VR to 'f'

April 14, 2015 5:55 PM

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(The following statement was released by the rating agency) FRANKFURT/LONDON, April 14 (Fitch) Fitch Ratings has affirmed Duesseldorfer Hypothekenbank AG's (DHB) Long-term Issuer Default Rating (IDR) at 'BBB-'.

All ratings have been removed from Rating Watch Negative (RWN) and the Outlook on the Long-term IDR is Stable. The rating action follows DHB's announcement that the Deposit Protection Fund (DPF) of the Association of German Banks (Bundesverband deutscher Banken e.V.; BdB) has indirectly acquired 100...

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