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

  • ID: 1782897
  • March 2011
  • Standard & Poors
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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

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Research type: News
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- ABN AMRO Bank N.V.

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