apoBank’s creditworthiness, i.e. its ability and willingness to meet all financial obligations fully and in a timely manner, is assessed by the rating agencies Moody’s and Standard & Poor’s.

In addition, the creditworthiness of the entire cooperative FinanzGruppe is assessed by Standard & Poor’s and by Fitch. As apoBank belongs to the cooperative FinanzGruppe and is a member in the cooperative protection scheme, these ratings also indirectly apply to apoBank.

  Standard & Poor's Fitch Ratings (group rating)
Long-term rating AA- AA-
Short-term rating A-1+ F1+
Outlook watch negative
Pfandbriefe AAA ---
  Moody's (unsolicited)
Long-term Deposits
Aa1/outlook stable
Short-term Deposits
Long-term Senior Unsecured and Issuer Rating*
Aa3/outlook stable
Short-term Senior Unsecured and Issuer Rating*
Long-term Counterparty Risk Assessment Aa1 (cr)
Short-term Counterparty Risk Assessment P-1 (cr)
* Incl. Issue Programmes respectively CP-Programm

Date: December 2016