Issuer and leads on the first, and to date only, German-origin Kangaroo deal to price following the decision of Moody's Investors Service (Moody's) to revise the outlook on its Aaa rating on the German sovereign to negative say demand for the transaction was unaffected. In fact, KfW Bankengruppe (KfW) says its new 2017 issue attracted strong Australian demand despite the potential threat to its local repo-eligibility.