S&P has raised DG Hyp's rating outlook from 'negative' to 'stable'. Commenting on its decision, the rating agency cited the bank's stronger focus in its commercial real estate finance business on its core German market, in close cooperation with the German Cooperative Financial Services Network.

S&P has raised DG Hyp's rating outlook from 'negative' to 'stable'. Commenting on its decision, the rating agency cited the bank's stronger focus in its commercial real estate finance business on its core German market, in close cooperation with the German Cooperative Financial Services Network.

The decision to concentrate DG Hyp's business activities on the German market, and to intensify its co-operation with cooperative banks, reflects the regulatory requirements under the future Basel III regime.

DG Hyp is the real estate bank within the German Cooperative Financial Services Network, and also one of Germany’s leading issuers of asset-covered bonds (Pfandbriefe).