Fitch Affirms FMS Wertmanagement at AAA With Stable Outlook
FMS Wertmanagement AoR’s long-term issuer default rating was affirmed at AAA with a “stable” outlook at Fitch Ratings. FMS is an independent public law entity established to acquire 173 billion euros of non- performing and non-strategic assets from Hypo Real Estate Holding AG and its subsidiaries. Fitch sees an “extremely high likelihood” of support from Germany’s bank rescue fund, Soffin, and ultimately from the Federal Republic of Germany.
To contact the editor responsible for this story: Mariajose Vera at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.