|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Rabobank Ratings Unaffected By Increased Eureko Stake On Merger Of Dutch Ins. Ops Apr 05
Standard & Poors, April 2005
Abstract
LONDON (Standard & Poor's) April 27, 2005--Standard & Poor's Ratings Services said today that its ratings on Rabobank Nederland (Rabobank: AAA/Stable/A-1+) are unlikely to be affected by Rabobank's announced intention to merge its Interpolis insurance operations with Achmea in exchange for an increase to 37% (from 5%) in its stake in Eureko B.V. (BBB+/Stable/--), Achmea's owner. There will be no cash payment for the stake. The proposed transaction would give Rabobank a stronger position in the Dutch insurance market and improve its co-ordination with Achmea, which should help its overall business position in Dutch financial services. Rabobank will also have a greater exposure to Eureko's growing international business. The transaction reflects Rabobank's search for opportunities outside of its traditional core...
Companies mentioned in this report are: Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland),Eureko B.V.,Achmea Pensioen- & Levensverzekeringen 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.
|
|
|
|
