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BULLETIN: Eureko Group Ratings Unaffected By Intention To Merge Interpolis With Achmea Apr 05
Standard & Poors, April 2005
Abstract
LONDON (Standard & Poor's) April 27, 2005--Standard & Poor's Ratings Services said today that its ratings and outlook on Eureko B.V. (BBB+/Stable/--) and related entities (see below) remain unchanged following the announcement that Rabobank Nederland's (Rabobank; AAA/Stable/A-1+) Netherlands-based insurance subsidiary, Interpolis, will be merged into Eureko's Netherlands-based insurance group Achmea. Rabobank will increase its stake in Eureko B.V. to 37% as part of the deal, which remains subject to shareholder and regulatory approvals. At the same time, Standard & Poor's considers that this event carries clear positive implications for the Eureko group in the medium to long term, through improved competitive position. The merger will create the largest insurer in the Dutch market, with a market position in the top...
Companies mentioned in this report are: Eureko B.V.,Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland),Achmea Holding N.V.,Achmea Zorgverzekeringen N.V.,Achmea Pensioen- & Levensverzekeringen N.V.,Achmea Hypotheekbank 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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