When investing in securities, we invest in debt securities of varying quality, taking into consideration the yield prospects and risks. The following table shows the quality structure of fixed-interest investments.
|
Rating |
31 Dec. 2010 |
31 Dec. 2009 |
|
AAA |
3,317,270 |
3,037,727 |
|
AA |
3,062,155 |
3,490,318 |
|
A |
2,979,241 |
3,351,431 |
|
BBB |
2,655,684 |
1,834,494 |
|
BB |
874,895 |
437,410 |
|
B |
577,764 |
352,635 |
|
CCC |
168,868 |
127,070 |
|
Not rated |
30,047 |
50,534 |
|
Total |
13,665,924 |
12,681,619 |
The values as at 31 December 2010 also include the securities reclassified to the category of loans in the 3rd quarter of 2008 with a value of € 1,379,806,000 (2009: € 1,796,941,000).
