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S&P withdraws Depfa Pfandbrief Bank International's counterparty credit ratings

S&P Global Ratings on Dec. 23 affirmed Depfa Pfandbrief Bank International SA's long- and short-term counterparty credit ratings at A-/A-2 and subsequently withdrew them at the lender's request.

The outlook on the unit of the German government's winding-up institution, FMS Wertmanagement AöR, was stable at the time of the withdrawal, reflecting the agency's view that the Luxembourg-based bank, along with intermediate parent DEPFA BANK Plc, would remain the wind-down unit and would continue to benefit from the strong commitment of the German government until the wind-down is completed.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.