10-07-2009, 12:52
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#3 (permalink)
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Rating? No grazie!
Data registrazione: Jan 2009
Località: Bologna
Messaggi: 1,080
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The company in May reported a euro382 million ($533 million) first-quarter net loss, citing write-downs amid financial market turmoil and increased loan-loss provisions.
Hypo Real Estate noted Monday that it already has said it expects to remain in the red at least this year and next.
Hypo Real Estate is the most prominent German victim of the financial crisis. It ran into trouble last September after its Dublin, Ireland-based unit Depfa Bank PLC failed to find short-term funding amid the widening credit crunch.
The government, which moved to nationalize the lender after shoring it up with hefty loan guarantees, earlier this month secured some 90 percent of its shares.
altre news sul rapporto HYpo- DEPFA:
In October 2007, Hypo Real Estate Holding AG (HRE, 'A-'/Stable) acquired DEPFA. DEPFA's Long- and Short-term IDRs and Support Rating are aligned with HRE's ratings, which reflect the extremely high likelihood of continued sovereign support and the strong linkages between HRE's operating companies. Through a public offer and capital increase, the Federal Republic of Germany ( FRG), acting through the German Financial Markets Stabilisation Fund (SoFFin), acquired 90% of HRE.
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THE BEAST: BONDISTA BRADIPO
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