|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings Unchanged On ABN AMRO Bank's Covered Bonds Following The Bank's Downgrade Jun 10
Standard & Poors, June 2010
Abstract
OVERVIEW We have lowered the ratings on ABN AMRO Bank to A/Stable/A-1 from A+/Negative/A-1. We have subsequently maintained our 'AAA' ratings and stable outlook on ABN AMRO Bank's covered bond program and related series. PARIS (Standard & Poor's) June 28, 2010--Standard & Poor's Ratings Services said today that its AAA/Stable ratings on the ABN AMRO Bank N.V. Covered Bond Programme remain unchanged following our June 25, 2010 downgrade of ABN AMRO Bank N.V.'s ratings to A/Stable/A-1 from A+/Negative/A-1 (see 'Related Criteria And Research'). Following the application of our revised criteria for assessing asset-liability mismatch (ALMM) risk in covered bonds, we have determined the maximum potential ratings uplift for the ABN AMRO Bank Covered Bond Programme to be six notches above...
Companies mentioned in this report are: ABN AMRO Bank N.V. Covered Bond Programme,ABN AMRO Bank 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.
|
|
|
|
