Announcements
Drinks
Instrument data
Issuer
Senority
Senior Unsecured
Currency
EUR
ISIN
DE0001053791
Coupon percent
3.108%
Coupon type
Fixed
Instrument volume
50,000,000
Maturity date
02/08/2044
-
AAA
Outlook:
Stable
AAA
Outlook:
Stable
Latest change
New
04/09/2024
General information
Rating
Public
Solicited
With issuer participation
UK endorsed
EU Rated
Eiko Sievert
Lead analyst
Alvise Lennkh-Yunus
Committee chair
23/2/2024 Rating announcement EN
Scope affirms the Free State of Bavaria's AAA rating with Stable Outlook
Low debt, ample liquidity, strong budgetary performance, a wealthy economy and an integrated institutional framework support the rating. Limited revenue flexibility, sizeable contingent liabilities, and high pension liabilities are challenges.
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