Baden-Wuerttemberg upgrade brings L-Bank back on Kangaroo map
- Thursday, 08 March 2012
L-Bank (AAA/Aaa), which has not issued a Kangaroo deal since February 2007, believes a return to the Australian dollar market may have drawn closer thanks to the upgrade of its parent state, Baden-Wuerttemberg, by Standard & Poor's (S&P). The March 6 upgrade by S&P takes both the German state and L-Bank to across-the-board triple-A status and, as a result, makes Australian repo eligibility a possibility.
