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      Instrument data
      Issuer
      Federal Republic of Germany
      Senority
      Unsecured
      Currency
      EUR
      ISIN
      DE0001119022
      Coupon percent
      3%
      Coupon type
      Variable: Step Up/Step Down
      Maturity date
      01/12/2017
      -
      WD Outlook: N/A
      WD Outlook: N/A
      Latest change
      Withdrawal
      01/12/2017
      General information
      Rating
      Public
      Unsolicited
      With no issuer participation
      UK endorsed
      EU Rated
      Withdrawal reason: end of maturity of the debt obligation, or in case the debt is redeemed, called, prefunded, cancelled
      Eiko Sievert Lead analyst
      Dr. Stefan Bund Committee chair
      Scope confirms and publishes Germany’s credit rating of AAA and changes the Outlook to Stable

      30/6/2017 Rating announcement EN

      Scope confirms and publishes Germany’s credit rating of AAA and changes the Outlook to Stable

      The rating is supported by the country’s large and diversified economy, solid fiscal framework, proven track record of consolidation and strong external position. The ageing population and banking sector fragilities remain challenges.

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