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ABN AMRO Bank N.V. Apr 11
Standard & Poors, April 2011
Abstract
Support by the Dutch state. Good domestic market position. Sound capital position. Moderate credit and market risk profile given focus on domestic retail and commercial banking. Remaining integration risk of the merger with Fortis Bank Nederland. Less business and geographic diversification than larger universal banks. Moderate profitability. The ratings on Dutch bank ABN AMRO Bank N.V. principally reflect Standard & Poor's Ratings Services' view of potential extraordinary support from the Dutch state if needed, combined with its good market position in Dutch banking, moderate credit risk profile, and sound capital position. However, we believe that the execution risk of its merger and lower-than-peer profitability and funding are weaknesses for the ratings. The ratings incorporate two notches of uplift above our...
Companies mentioned in this report are: ABN AMRO Bank N.V.
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
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