Research Update: ABN AMRO Long-Term Rating Raised To 'A+' On Bank Criteria Change; On CreditWatch Negative On Sovereign Rating Action Dec 11
- Language: English
- Published: December 2011
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.
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