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Moody's
Counterparty Risk Assessment A2 (cr)
Deposit Rating (Junior Deposits) A2 stable
"Preferred" senior unsecured debt (Senior-Senior) A2 stable
"Non-preferred" senior unsecured debt (Junior-Senior) / Long-term Issuer Credit Rating Baa1 stable
Financial strength (Baseline Credit Assessment) baa3
Subordinated debt (Tier 2) Ba1
Short-term debt P-1

Rating Reports  
Credit OpinionJune 09, 2017 PDF, 1.3 MB
Rating Action German BanksNovember 21, 2016 PDF, 1.3 MB
Credit ResearchOctober 19, 2016 PDF, 1.7 MB
Credit OpinionAugust 15, 2016 PDF, 1.3 MB
Press Release (former HF)June 09, 2016 PDF, 108 kB

Pfandbriefe
Mortgage Pfandbriefe Aaa
Public Sector Pfandbriefe Aaa

Rating Reports  
Public Sector Covered BondsMarch 31, 2017 PDF, 667 kB
Mortgage Covered BondsMarch 31, 2017 PDF, 870 kB

Structured Covered Bond
SME Structured Covered Bond Aa1

Rating Reports  
SME Structured Covered Bond
Programme
March 31, 2017 PDF, 722 kB

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