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      Instrument data
      Issuer
      Federal Republic of Germany
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      DE000BU22031
      Coupon percent
      3.1%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      5,000,000,000
      Maturity date
      12/12/2025
      -
      AAA Outlook: Stable
      AAA Outlook: Stable
      Latest change
      New
      06/12/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Eiko Sievert Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope affirms Germany's AAA rating with Stable Outlook

      20/10/2023 Rating announcement EN

      Scope affirms Germany's AAA rating with Stable Outlook

      The ratings are supported by a wealthy, large, diversified economy, sound public finances and a strong external position. Transition risks related to carbon neutrality targets, an ageing population and global geopolitical risks are challenges.

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