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Research Update: Rabo Structured Note Program 'AAA' Ratings Affirmed As Rabo Securities Is Replaced As Issuer Jul 05 Product Image

Research Update: Rabo Structured Note Program 'AAA' Ratings Affirmed As Rabo Securities Is Replaced As Issuer Jul 05

  • Published: July 2005
  • Standard & Poors

Abstract
On July 5, 2005, Standard & Poor's Ratings Services affirmed its 'AAA' senior unsecured debt ratings on the debt issued under the Rabobank group's $500 million structured MTN program (see ratings list). At the same time, Standard & Poor's assigned its 'A-1+' short-term debt rating to the program. Rabo Financial Products B.V. is now the named issuer under this program, replacing Rabo Securities, N.V. On June 30, 2005, Rabo Financial Products B.V. became the primary obligor on bonds previously issued by Rabo Securities, N.V. under the program. All issues under the program continue to be guaranteed by Rabobank Nederland's (AAA/Stable/A-1+) New York branch. Rabo Financial Products B.V. $500 million senior unsecured structured MTN program* Senior unsecured debt AAA Short-term debt...

Companies mentioned in this report are:
- Rabo Financial Products B.V.
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)

Action: Affirmed

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- Rabo Financial Products B.V.
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)

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