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ABN AMRO Bank N.V. Upper Tier 2 Instrument Upgraded To 'B' On Lower Risk Of Coupon Suspension Mar 11 Product Image

ABN AMRO Bank N.V. Upper Tier 2 Instrument Upgraded To 'B' On Lower Risk Of Coupon Suspension Mar 11

  • Published: March 2011
  • Standard & Poors

Abstract
Dutch bank ABN AMRO posted improved full-year 2010 results and gave guidance about its future ordinary share dividend policy. As a result, we believe there is reduced risk that ABN AMRO will suspend coupon payments on Upper Tier 2 securities in 2012 and 2013. We are raising our rating on the bank's Upper Tier 2 instrument to 'B' and, in a related action, we are affirming our 'B' rating on its Tier 1 instrument. PARIS (Standard & Poor's) March 10, 2011--Standard & Poor's Ratings Services said today that it has raised its junior subordinated debt ratings on the £149 million Upper Tier 2 securities issued by Dutch bank ABN AMRO Bank N.V. to 'B' from 'CC'. In a related action,...

Companies mentioned in this report are:
- ABN AMRO Bank N.V.

Action: Affirmed
Action: Upgraded

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 READ MORE >

- ABN AMRO Bank N.V.

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