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      Instrument data
      Issuer
      Dexia Kommunalbank Deutschland AG
      Senority
      Senior Secured
      Currency
      EUR
      ISIN
      DE000DXA1NX9
      Coupon percent
      0.05%
      Coupon type
      Fixed
      Instrument volume
      500,000,000
      Maturity date
      08/09/2021
      -
      WD Outlook: N/A
      WD
      Latest change
      Withdrawal
      02/08/2018
      General information
      Rating
      Public
      Solicited
      With issuer participation
      Withdrawal reason: client’s request
      Karlo Fuchs Lead analyst
      Guillaume Jolivet Committee chair
      Scope downgrades to A+ and withdraws ratings on DKD's public-sector covered bonds

      2/8/2018 Rating announcement EN

      Scope downgrades to A+ and withdraws ratings on DKD's public-sector covered bonds

      Downgrade driven by absence of communication by the bank on its minimum level of overcollateralisation and current low level of overcollateralisation. Withdrawal for commercial reasons

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      Scope places Dexia Kommunalbank's public-sector covered bonds under review for possible downgrade

      19/6/2018 Rating announcement EN

      Scope places Dexia Kommunalbank's public-sector covered bonds under review for possible downgrade

      A gradual reduction in the available supporting overcollateralisation, along with a lack of explicit commitment to maintaining minimum overcollateralisation above legal levels going forward, may negatively affect the rating.

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      Date Title