Financial Ratings

The leading international ratings agencies Moody's and Standard & Poor's have issued the following credit assessments of Hamburg Commercial Bank:

Issuer Ratings Moody's S & P
Counterparty Rating Baa1 BBB+
Deposit Rating Baa1 -
Issuer Credit Rating (long-term) Baa1 BBB
Short-term Debt P-2 A-2
Stand-alone Rating (financial strength) ba1 bbb-
Instrument Ratings
(secured issuances)
Moody's S & P
Mortgage Covered Bonds Aa1 -
Ship Covered Bonds A2 -
Instrument Ratings
(unsecured issuances)
Moody's S & P
"Preferred" Senior Unsecured Debt Baa1 -
"Non-Preferred" Senior Unsecured Debt
Baa2 -
Subordinated Debt (Tier 2) Ba2 -


negative outlook

under review for possible downgrade


under review for possible upgrade

positive outlook

Disclaimer in connection with the publication of rating information

The rating classifications and rating reports published here are publicly accessible information. The presentation on this website only serves as a service to our investors. The information does not necessarily represent the opinion of Hamburg Commercial Bank AG. The information provided is not a a recommendation to buy, sell or hold securities. Hamburg Commercial Bank AG assumes no liability for the completeness, timeliness, accuracy and selection of such information.

For the evaluation and usage of the rating information (including the rating reports), please refer to the respective rating agencies’ pertinent criteria and explanations and consider the respective rating agencies’ terms of use, copyrights and limitations of liability.

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Recent publications about Hamburg Commercial Bank

Moody's S & P
Detailed rating reports Credit Opinion:
Ratings Report:
Last press releases Press Release:
Press Release:

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Further publications

Sustainability Ratings

Agency Latest rating as at Rating / Score Reports
Sustainalytics 11/2020 Risk Score 14 (Low risk) Rating Report
IMUG 02/2021 Issuer Sustainability Rating „positive“ (BB) Rating Report
ISS 01/2021 C-, (2nd decile)

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