DZ Bank AG Deutsche Zentral-Genossenschaftsbank

News

• 12.12.2023
  Creditreform Rating (CRA) affirms DZ Bank AG's (Group) Long-Term Issuer Rating at AA-. The rating outlook is stable. CRA affirms DZ Bank AG's Preferred Senior Unsecured Debt at AA-, Non-Preferred Senior Unsecured Debt at A+, Tier 2 Capital at BBB+ and AT1 Capital at BBB.
• 14.12.2022
  Creditreform Rating has affirmed the Long-Term Issuer Rating of DZ Bank AG at 'AA-'. The outlook is 'stable'. The rating of 'Additional Tier 1' capital is affirmed at 'BBB'. The rating of 'Tier 2' capital is affirmed at 'BBB+'. The rating of 'Non-Preferred Senior Unsecured' is affirmed at 'A+'. The rating of 'Preferred-Senior Unsecured' debt is affirmed at 'AA-'. For further information, please refer to our Rating Update on our website.
• 02.12.2021
  Creditreform Rating affirmed the long-term issuer rating of DZ Bank AG Deutsche Zentral-Genossenschaftsbank at AA-. The outlook remains stable. In addition, Creditreform Rating has also affirmed the rating of Additional Tier 1 capital at BBB, the rating of Tier 2 capital at BBB+, the rating of Non-Preferred Senior Unsecured debt at A+ and the rating of Preferred Senior Unsecured debt at AA-. For more details regarding the rating, we refer to our rating report on our homepage.
• 06.07.2021
  Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology „Institutional Protection Scheme Banks“. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
• 15.12.2020
  Creditreform Rating has revised its outlook on the DZ Bank AG Deutsche Zentral-Genossenschaftsbank (Group) to stable from watch negative and affirmed the rating of DZ Bank AG Deutsche Zentral-Genossenschaftsbank (Group) at AA-. Creditreform Rating has also affirmed the rating of BBB of Additional Tier 1, the rating of BBB+ of Tier 2 and the rating of AA- of the Preferred Senior Unsecured. The rating of Non-Preferred Senior Unsecured Debt was confirmed at A+. For more details regarding the rating, we refer to our rating report on our homepage.
• 28.03.2020
  Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
• 18.12.2019
  Creditreform Rating has affirmed the rating of DZ BANK AG at AA-. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 Capital at BBB and the rating of Tier 2 Capital at BBB+. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was affirmed at AA-. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to A+.
• 06.12.2018
  Creditreform Rating has affirmed the rating of DZ BANK AG Deutsche Zentral-
  Genossenschaftsbank with AA-. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 with BBB, the rating of Tier 2 with BBB+ and the rating of the Senior Unsecured with AA-.
  
• 06.06.2017
  Creditreform Rating has set the bank rating of DZ BANK AG Deutsche Zentral-Genossenschaftsbank to AA-. The outlook is stable. The rating is based on the good profitability and the risk-averse business policy. The DZ BANK AG Deutsche Zentral-Genossenschaftsbank holds a strong market position in Germany. Due the cooperative group structure with its affiliated cooperative credit banks (Volks- und Raiffeisenbanken) the Allfinanz institute is one of the leading major banks in Germany. On the other hand, the average equity ratio and the increasing operating costs due to the merger with the WGZ Bank have an adverse effect on the rating.