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BULLETIN: Eureko Ratings Unchanged by Rabobank Cooperation Announcement Feb 04
Standard & Poors, Feb 2004
Abstract
LONDON (Standard & Poor's) Feb. 11, 2004--Standard & Poor's Ratings Services said today that the announcement by the Netherlands-based insurance group Eureko (main operating entities rated A+/Negative/--) that it has reached an agreement with Rabobank Nederland (Rabobank; AAA/Stable/A-1+) to cooperate in the field of health insurance and that Rabobank will acquire a 5% stake in Eureko are viewed as positive events for Eureko. The agreement will not affect the ratings on either Eureko's operating subsidiaries or holding companies (including the 'BBB+/A-2' debt ratings on Achmea Holding N.V.). The distribution of health insurance products of Zilveren Kruis Achmea (Achmea's subsidiary) via Interpolis (Rabobank's insurance subsidiary) and subsequently via local Rabobank member banks through its own distribution channels will strengthen Achmea's distribution...
Companies mentioned in this report are: Eureko B.V.,Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland),Achmea Holding N.V.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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