• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Nederlandse Waterschapsbank N.V. Apr 02 Product Image

Summary: Nederlandse Waterschapsbank N.V. Apr 02

  • ID: 1784586
  • April 2002
  • Standard & Poors

Abstract
The ratings on Nederlandse Waterschapsbank N.V. (NWB) are based upon the implicit support that the bank receives from the Ministry of Finance (MOF). NWB's ratings are also supported by the bank's effectively zero credit risk (as a result of its strict public sector lending remit), an exceptionally low cost base, strong capital ratios, and stable management. According to NWB's articles of association, the bank cannot lend to nor be owned by the private sector. The majority of lending is to housing associations, state and local governments, and water control boards. The bank also acts as a central treasury for the water control boards. Although NWB has commercial independence, central government support is indicated by the bank's shareholders, which are all...

Companies mentioned in this report are:
- Nederlandse Waterschapsbank 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

RELATED PRODUCTS