Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland) Dec 10
Standard & Poors, December 2010
Abstract
Stable business profile anchored by market-leading position in The Netherlands. Strong liquidity position and stable funding profile. Steady long-term earnings performance. Relative resilience to economic downturn. Cautious management culture. Elevated, but declining, impairment losses, particularly in Ireland. Legacy exposures to structured credit and monoline insurers. Mutual status that constrains ability to raise capital, if required. The ratings on Coöperative Centrale Raiffeisen-Boerenleenbank B.A., which is commonly known as Rabobank Nederland, reflect its sound financial position, controlled risk profile, stable strategy, and strong franchise in The Netherlands. To date, Rabobank Nederland has demonstrated relative resilience to the economic downturn and recent market volatility, largely due to its robust domestic retail business. Nevertheless, its earnings have been pressured by elevated loan impairment charges,...
Companies mentioned in this report are:
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
- Rabobank Australia Ltd.
- Rabohypotheekbank N.V.
- Rabobank USA Financial Corp.
- Rabobank New Zealand Ltd.
- Rabobank Nederland (Australia Branch)
- Rabo Capital Securities Ltd.
Action: Review
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: Full Analysis
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
- Rabobank Australia Ltd.
- Rabohypotheekbank N.V.
- Rabobank USA Financial Corp.
- Rabobank New Zealand Ltd.
- Rabobank Nederland (Australia Branch)
- Rabo Capital Securities Ltd.
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