Scope Ratings GmbH (Scope) has today assigned a S-1+ short-term rating in local and foreign currency with Stable Outlook to the Land of Saxony-Anhalt’s EUR 2bn Zero Coupon State Treasury Note Programme (Commercial Paper Programme, or the Programme), for notes issued under the Programme with a maturity of not more than 12 months.

The rating is anchored to Scope’s analysis of the Land of Saxony-Anhalt (long-term issuer rating of AAA/Stable, short-term issuer rating of S-1+/Stable, both in local and foreign currency). Scope affirmed the Land of Saxony-Anhalt’s ratings on 17 January 2025.

This monitoring note does not constitute a credit-rating action, nor does it indicate the likelihood that Scope will conduct a credit-rating action in the short term. Information about the latest credit-rating action connected with this monitoring note along with the associated ratings history can be found on www.scoperatings.com.