LocationsAmongst our ratings we can boast the famous triple A. The rating agency Moody’s has issued us its highest rating, "Aaa", for our public-sector covered bonds and mortgage-backed covered bonds. We are also at the upper end with regard to other ratings.
Moody’s
| Rating category | Rating |
|---|---|
| Long-term Issuer Rating | Aa2, stable |
| Long-term Bank Deposits | Aa2, stable |
| Senior Unsecured Bank Debt (senior preferred) | Aa2, stable |
| Junior Senior Unsecured Bank Debt (senior non-preferred) | A2, RUR for upgrade 3 |
| Short-term Ratings | P-1 |
| Subordinate Rating | Baa1 |
| Baseline Credit Assessment (financial strength) | baa2 |
| Adjusted Baseline Credit Assessment 1 | a3 |
| Counterparty Risk Rating | Aa2 |
| Public-sector covered bonds | Aaa |
| Mortgage-backed covered bonds | Aaa |
| Guaranteed obligations 2 | Aaa |
1Includes Affiliate Support Notching.
2The rating for guaranteed liabilities is valid for all transactions which were concluded by July 18, 2001
3 Ratings were placed "on review for upgrade" by Moody's on 9 February 2024
Fitch
| Rating category | Rating |
|---|---|
| Long-term Issuer Default Rating | A-, stable |
| Long-term Deposit Rating | A |
| Long-term Senior Preferred Debt Rating | A |
| Long-term Senior Non-Preferred Debt Rating | A- |
| Short-term Issuer Default Rating | F1 |
| Non-guaranteed Tier 2 Subordinated Debt Rating | BBB- |
| Viability Rating (financial strength) | bbb+ |
| Public-sector covered bonds | - |
| Mortgage-backed covered bonds | - |
| Guaranteed obligations 1 | AAA, stable |
1The rating for guaranteed liabilities is valid for all transactions which were concluded by July 18, 2001
DBRS
| Rating category | Rating |
|---|---|
| Long-Term Issuer Rating | A (high), stable |
| Long-Term Deposits | A (high), stable |
| Long-Term Senior Debt (senior preferred) | A (high), stabile |
| Senior Non-Preferred Debt | A, stable |
| Short-Term Ratings | R-1 (middle), stable |
| Subordinated Debt | A (low), stable |
| Intrinsic Assessment (Finanzkraft) | A |
| Long-Term Critical Obligations Rating 1 | AA, stable |
1 Risk of default of particular obligations that have a higher probability of being excluded from bail-in in the event of a resolution than other senior unsecured obligations (mainly obligations from derivatives, from payment and collection services, as issuer of covered bonds, from liquidity lines and contingent liabilities)
Rating of the federal state of Baden-Württemberg
| Rating category | Moody’s | S&P |
|---|---|---|
| Long-term rating | Aaa, stable | AA+, stable |
| Short-term rating | - | A-1+ |
Disclaimer:
The rating categorizations and rating agency reports we have compiled here constitute publicly accessible information. We have merely chosen to publish them on our website as an additional service for our investors. These data do not necessarily represent the opinion of LBBW, nor should they be seen as a recommendation to buy securities issued by LBBW. LBBW accepts no liability for the completeness, timeliness, accuracy or selection of such information.
Sustainability ratings
Independent rating agencies regularly review all different aspects of sustainability at LBBW. Our successes show that we are on the right track.
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