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Summary: ABN AMRO Bank N.V. Oct 10

  • ID: 1782809
  • October 2010
  • Standard & Poors

Abstract
The ratings on Dutch bank ABN AMRO Bank N.V. (ABN AMRO), which completed its merger with Fortis Bank Nederland N.V. (FBN) on July 1, 2010, principally reflect Standard & Poor's Ratings Services' view of the bank's full ownership by The Netherlands, combined with its good market position in Dutch banking, moderate credit risk profile, and sound capital position. However, we believe that the merger's execution risk and the likelihood that profitability and funding will remain mediocre in the coming years are weaknesses for the ratings. The ratings incorporate two notches of uplift for potential extraordinary support above our assessment of ABN AMRO's stand-alone credit profile (SACP), in line with our expectation that the Dutch state would provide support if needed....

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 READ MORE >

Note: Product cover images may vary from those shown

- ABN AMRO Bank N.V.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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