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      Instrument data
      Issuer
      Federal Republic of Germany
      Senority
      Unsecured
      Currency
      EUR
      ISIN
      DE0001104727
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      5,000,000,000
      Maturity date
      12/06/2020
      -
      WD Outlook: N/A
      WD Outlook: N/A
      Latest change
      Withdrawal
      13/06/2020
      General information
      Rating
      Public
      Unsolicited
      With no issuer participation
      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. Giacomo Barisone Committee chair
      Scope affirms Germany’s credit rating of AAA with Stable Outlook

      2/11/2018 Rating announcement EN

      Scope affirms Germany’s credit rating of AAA with Stable Outlook

      A large and diversified economy, solid fiscal framework, and high external competitiveness support the rating. Sizable future pension liabilities, low domestic investment, and adverse demographics are challenges.

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