Frankfurt am Main, July 02, 2013 -- Moody's Investors Service has today upgraded to B1(hyb) from C(hyb) two Upper Tier 2 instruments (Genussscheine) of Hypothekenbank Frankfurt (HF). The upgrade reflects the ruling of the German Federal Court of Justice that these instruments' principal has to be written back to par and deferred coupons retroactively paid for all financial years since 2009.

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