Fitch affirms Erste Abwicklunsganstalt

Fitch Ratings said it affirmed Erste Abwicklunsganstalt's long-term issuer default rating at AAA and short-term issuer default rating at F1+. Fitch affirmed the senior debt at AAA/F1+, state-guaranteed/grandfathered debt at AAA/F1+ and state-guaranteed/grandfathered market-linked securities at AAA emr.

The outlook is stable.

The ratings reflect the rating for the State of North-Rhine Westphalia (AAA/stable), based on statutory loss-absorption obligations, with respect to EAA, of WestLB AG's (A-/Rating Watch positive) owners, the agency said.

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