Brief: S&P On Germany's Pfandbriefbank Reported Earnings Were In Line With Our Expectations

Deutsche Pfandbriefbank AG

14/08/2024 13:24

Deutsche Pfandbriefbank AG  PBBG.DE :
    * S&P ON GERMANY'S PFANDBRIEFBANK: REPORTED EARNINGS WERE IN
LINE
WITH OUR EXPECTATIONS
    * S&P ON PFANDBRIEFBANK: WE CONTINUE TO PROJECT THAT
STABILIZING
CRE MARKET INDICATORS WILL CAUSE CREDIT LOSSES TO EASE THROUGH
THE SECOND HALF OF 2024 AND IN 2025
    * S&P: OUR NEGATIVE OUTLOOK REFLECTS THAT WE REMAIN CAUTIOUS
ON
POTENTIAL FURTHER ASSET QUALITY DETERIORATION IN THE U.S. OFFICE
BOOK

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Further company coverage:  PBBG.DE