Press release

Kommunalkredit issues Aaa bonds

Vienna (ots) -

Kommunalkredit Austria, the specialist bank for
public finance, has become the first bank in Austria to receive a
Moody's triple A rating for its bonds. Kommunalkredit's Managing
Director Dr. Reinhard Platzer said:  "We attribute this Aaa rating to
a number of structural measures which have given us a new instrument
for the international capital market and to our excellent positioning
in the market."

Kommunalkredit Covered Bonds are secured with a cover fund
consisting of securities and public sector debt securities in
Austria.

In its research, UBS describes Kommunalkredit's covered bonds as
"in some aspects even stronger than German public Pfandbriefe."  The
first bond will shortly be issued in Switzerland with a volume of 500
m Swiss francs.

ots Original Text Service: Kommunalkredit Austria AG
Internet: http://www.presseportal.de

Further information can be obtained from:
Kommunalkredit Austria AG
Cornelia Schragl-Kellermayer
Tel.: ++43 (0)1/31 6 31/532
Email:c.schragl@kommunalkredit.at
http://www.kommunalkredit.at/
(this press release and photos of our Board of Directors can be found
in the publicity section)

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https://www.presseportal.de/en/pm/43730/447822