Fitch Rates Sparkasse Spree-Neisse 'A+'/Stable

January 29, 2016 4:28 PM

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(The following statement was released by the rating agency) FRANKFURT/LONDON, January 29 (Fitch) Fitch Ratings has assigned Sparkasse Spree-Neisse a Long-term Issuer Default Rating (IDR) of 'A+' with Stable Outlook and a Short-term IDR of 'F1+'.

The IDRs are based on the bank's membership in the Sparkassen-Finanzgruppe (Sparkassen; A+/F1+/Stable; see "Fitch Affirms Sparkassen-Finanzgruppe at 'A+'; Outlook Stable" dated 18 January 2016 available on www.fitchratings.com) and are derived from a group rating based on mutual support. The Sparkas...

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