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Moody's assigns ratings to BayernLB unit

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Moody's assigns ratings to BayernLB unit

Moody's on Oct. 4 assigned first-time backed long- and short-term domestic- and foreign-currency bankdeposit and issuer ratings of Aaa/Prime-1. The outlook on the long-term ratingsis stable.

The assignment of the backed ratings to the German bank isbased on the explicit refinancing guarantee provided by the state of Bavaria,which guarantees all liabilities issued by the bank.

Bayerische Landesbodenkreditanstalt is a Bavarian regionaldevelopment bank, which is consolidated within .