April 2026: Moody’s affirms issuer rating of Haspa at „Aa2“ and revises the outlook from „stable“ to „negative“ in light of recent regulatory developments. The change in outlook reflects amendments to the EU Single Resolution Mechanism Verordnung (SRM-VO), the Bank Recovery and Resolution Directive (BRRD) and the Deposit Guarantee Schemes Directive (DSGD), which entail a revision and further harmonisation of bank‘s liability waterfall. As a consequence, deposits are expected to rank more favourable within the liability structure than senior preffered debt instruments.
March 2025: Moody’s affirms Haspa’s issuer rating of “Aa2” with a “stable” outlook.
December 2024: Moody's upgrades Haspa’s issuer rating to ‘Aa2’ with a ‘stable’ outlook. This rating confirms Haspa's strong financial stability as well as creditworthiness and ranks Haspa among the top-tier German financial institutions. The assessment is based on solid capital adequacy, a stable business model with a conservative investment policy, as well as a strong deposit base and a diversified refinancing structure. Furthermore, Haspa's membership in the S-Financial Group is also considered a positive factor. The rating and outlook reflect Haspa's robust financial position and serve as an independent confidence signal in the institution's long-term stability and soundness.
March 2024: Moody's confirms the rating of “Aa3” and raises the outlook from ‘stable’ to ‘positive’.
April 2023: The rating agency Moody's assigns Haspa an initial issuer rating of “Aa3”.
| Moody’s | Rating | Outlook |
| Issuer Rating | Aa2 | negative |
| Issuance Rating | ||
| Mortgage Pfandbriefe | Aaa | |
| Public Pfandbriefe | Aaa | |
| Long-Term Liabilities | ||
| Preferred Senior Unsecured | Aa2 | negative |
| Non-Preferred Senior Unsecured | A3 | |
| Short-Term Issuer Rating | P-1 |
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Rating S-Financial Group
The S-Financial Group is also rated as an association by the rating Agencies Fitch, DBRS and Moody’s.
| Rating | Oulook | |
| Fitch | ||
| Long-Term Issuer Default Rating | A+ | stable |
| Short-Term Issuer Default Rating | F1+ | |
| DBRS | ||
| Long-Term Issuer Rating | A (high) | stable |
| Short-Term Issuer Rating | R-1 (middle) | stable |
| Moody's | ||
| Corporate Family Rating | Aa2 | stable |
| Baseline Credit Assessment | a2 |
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