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      Instrument data
      Issuer
      BERLIN, LAND OF
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      DE000A4DE9H8
      Coupon percent
      2.875%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      1,000,000,000
      Maturity date
      15/10/2035
      -
      AAA Outlook: Stable
      AAA Outlook: Stable
      Latest change
      New
      09/10/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Jakob Suwalski Lead analyst
      Eiko Sievert Committee chair
      Scope affirms Berlin’s AAA rating with Stable Outlook

      8/8/2025 Rating announcement EN

      Scope affirms Berlin’s AAA rating with Stable Outlook

      A strong institutional framework, conservative fiscal management, excellent capital market access, a sound debt profile and liquidity, and a solid economy are strengths. High debt, budgetary pressures, and moderate budgetary flexibility remain challenges.

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