DBRS Confirms Floor Ratings, Releases Report on Sparkassen-Finanzgruppe

DBRS has today confirmed its floor ratings for all members of the joint liability scheme of Sparkassen-Finanzgruppe. The floor ratings are based on the depth and resources of the joint liability scheme, the additional support for the group’s members from their government owners/trustees, as well as broader systemic support, and on the solid franchise of the savings banks. The trend on the floor ratings is Stable.

In addition, DBRS has today released an updated report on Sparkassen-Finanzgruppe that provides more detail on the confirmation of the floor ratings.

The applicable methodology is Analytical Background and Methodology for European Savings Bank Ratings, Second Edition, which can be found on our website under Methodologies.

This is a Corporate (Financial Institutions) rating.