Moody's Says German Landesbanks Rich in Liquidity

Thursday, 23 Aug 2007 | 11:28 AM ET

Moodys Investors Service said German state-owned Landesbanks were very rich in liquidity as a group and would not need to seek liquidity support either individually or as a group from a regional government.

"We do not believe any Landesbank or particular group of Landesbanks as a whole would need to rely on liquidity support from a regional government," a Moody's analyst told a conference call.