New York, 12-06-95 -- Moody's placed under review for possible downgrade the long-term ratings of Bayerische Vereinsbank AG (BV) and its rated subsidiaries (senior debt and deposit ratings at Aaa, subordinated debt at Aa1), as well as the bank's A financial strength rating. The rating review will assess the extent to which Bayerische Vereinsbank's recently-announced intention to acquire the US broker-dealer Oppenheimer & Co, Inc., and thus to expand internationally its investment-bank activities, may fit into the German banking group's existing growth and development strategy. At the same time, Moody's will assess the impact of this potential transaction on Bayerische Vereinsbank's business and financial fundamentals, which are very strong. As part of this analysis, the rating review will also focus on the potential longer term effect of tighter competition within the German banking sector on Bayerische Vereinsbank's mix of domestic and international activities. MOODY'S REVIEWS FOR POSSIBLE DOWNGRADE BAYERISCHE VEREINSBANK'S Aaa LONG-TERM RATINGS AND THE BANK'S A FINANCIAL STRENGTH RATING
The following ratings were placed under review:
Bayerische Vereinsbank AG -- the Aaa long-term deposit rating of the bank, the senior debt rating of Aaa, the subordinated debt rating of Aa1, and the bank financial strength rating of A.
Bayerische Vereinsbank AG, Paris Branch -- the Aaa long-term deposit rating of the branch.
Bayerische Vereinsbank Overseas Finance NV -- the guaranteed senior debt rating of Aaa.
The following ratings are confirmed:
Bayerische Vereinsbank AG -- the Prime-1 short term deposit rating of the bank, and the commercial paper rating of Prime-1.
Bayerische Vereinsbank AG, Paris Branch -- the short-term deposit rating of the branch.
Vereinsbank Finance (Delaware) Inc. -- the commercial paper rating of Prime-1.
Bayerische Vereinsbank is the fourth largest private-sector bank in Germany and is active in mortgage and universal banking. Headquartered in Munich, the group had consolidated assets, as of September 30, 1995, of DM 338 billion (US$ 241 billion).
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