Ratings

Current ratings

Among the ratings performed by analysts at the registered office of GBB-Rating Gesellschaft für Bonitätsbeurteilung mbH, Kattenbug 1, 50667 Cologne, Germany, the following ones have been published:

Entity	Titel	Rating	Outlook	Date	Analyst	Download/Methodology/Information	Information	Beauftragt	Status	Verlinkung
ABN AMRO Bank N.V	Amsterdam, Netherlands	A+	stable	12/6/2019	Anspach	3.0.03 Banks	Withdrawal - Rating expired as of 12/06/2019	Yes	Aktuell	Yes
ALTE LEIPZIGER Bauspar AG	Oberursel, Germany			12/17/2019	Sauter	3.0.03 Building societies	Client would not agree to any further publication	Yes	Aktuell	Yes
Banco Santander S.A.	Madrid, Spain	AA-	stable	5/27/2019	Bittner	rating report (de) 3.0.03 Banks		Yes	Aktuell	Yes
Bank11 Holding GmbH	Neuss, Germany	A	stable	12/17/2019	Weymann	abridged rating report (de) 3.0.03 Banks		Yes	Aktuell	Yes
Bausparkasse Wüstenrot AG	Salzburg, Austria	A-	stable	10/11/2019	Sauter	rating report (de) 3.0.03 Building societies	with support of the rating entity	No	Aktuell	Yes
BHW Bausparkasse AG	Hameln, Germany	A-	stable	12/17/2019	Pflitsch	3.0.03 Building societies		Yes	Aktuell	Yes
Cembra Money Bank AG	Zurich, Switzerland	A	stable	6/13/2019	Gouverneur	abridged rating report (de) 3.0.03 Banks	without support of the rating entity	No	Aktuell	Yes
Clientis AG	Bern, Switzerland	A-	stable	6/13/2019	Küster	rating report (de) 3.0.03 Banks	without support of the rating entity	No	Aktuell	Yes
Coöperatieve Rabobank U.A.	Utrecht, Netherlands	A+	stable	2/27/2019	Pähler	3.0.03 Banks	Withdrawal - Rating expired as of 02/27/2019	No	Aktuell	Yes
Deutsche Bausparkasse Badenia AG	Karlsruhe, Germany	BBB+	indeterminate	8/15/2019	Junker	3.0.03 Building societies		Yes	Aktuell	Yes
Deutsche Factoring Bank GmbH & Co. KG	Bremen, Germany	AA-	negative	8/15/2019	Lehmann	3.0.03 Banks		Yes	Aktuell	Yes
Dexia SA	Brussels, Belgium	BBB+	stable	5/7/2019	Jindra	3.0.03 Banks	withdrawal due to end of contract	Yes	Aktuell	Yes
GRENKE AG Konzern	Baden-Baden, Germany	A	stable	10/31/2019	Weymann	2.3.02 Leasing companies		Yes	Aktuell	Yes
ING Bank N.V.	Amsterdam, Netherlands	A+	stable	12/17/2019	Foro	3.0.03 Banks		Yes	Aktuell	Yes
MLF Mercator-Leasing GmbH & Co. Finanz-KG	Schweinfurt, Germany	AA-	stable	6/13/2019	Weymann	2.3.02 Leasing companies		Yes	Aktuell	Yes
MMV Gruppe	Koblenz, Germany	AA-	stable	6/13/2019	Koll	2.3.02 Leasing companies		Yes	Aktuell	Yes
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)	The Hague, Netherlands	AAA	stable	2/27/2019	Koll	3.0.03 Banks	Withdrawal - Rating expired as of 02/27/2019	No	Aktuell	Yes
ODDO SEYDLER BANK AG	Frankfurt am Main, Germany	A-	indeterminate	8/15/2019	Bittner	3.0.03 Banks		Yes	Aktuell	Yes
Raiffeisen Group Switzerland	St. Gallen, Switzerland	AA	stable	8/15/2019	Groos	3.0.03 Banks	Withdrawal - unsolicited Rating will not be continued, expired as of 08/15/2019	No	Aktuell	Yes
SIGNAL IDUNA Bauspar AG	Hamburg, Germany	BBB+	negative	10/31/2019	Pflitsch	3.0.03 Building societies		Yes	Aktuell	Yes
Süd-West-Kreditbank Finanzierung GmbH	Bingen am Rhein, Germany	A+	stable	12/6/2019	Gouverneur	3.0.03 Banks		Yes	Aktuell	Yes
Svenska Handelsbanken AB (publ)	Stockholm, Sweden	AA-	stable	2/27/2019	Jindra	3.0.03 Banks	Withdrawal - Rating expired as of 02/27/2019	No	Aktuell	Yes
UmweltBank AG	Nuremberg, Germany	BBB+	positive	12/17/2019	Erven	3.0.03 Banks		Yes	Aktuell	Yes
Valiant Bank AG	Bern, Switzerland	A	stable	9/5/2019	Lehmann	rating report (de) 3.0.03 Banks	without support of the rating entity	No	Aktuell	Yes
VP Bank Group	Vaduz, Liechtenstein	A-	stable	5/16/2019	Peters	abridged rating report 3.0.03 Banks	without support of the rating entity	No	Aktuell	Yes

This list serves as publicly available evidence of the currency and validity of published ratings. It contains only the ratings that GBB-Rating has been commissioned to perform and in respect of which permission has been granted for listing and/or publication by the client. The ratings of GBB-Rating are statements of opinion referring to a period of one year or 12 months.