• +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. Aug 08 Product Image

Summary: Nederlandse Waterschapsbank N.V. Aug 08

  • ID: 1784816
  • August 2008
  • Standard & Poors

Abstract
The ratings on Nederlandse Waterschapsbank N.V. (NWB) are based on the implicit support the bank receives from the Dutch Ministry of Finance, which provides a two-notch ratings differential from NWB's stand-alone credit strength under Standard & Poor's Ratings Services' government-related entity (GRE) methodology. The ratings on NWB are also supported by the bank's extremely low credit risk, resulting from its strict public sector lending mandate; strong capital ratios; exceptionally low cost base; and consistent strategy. The amount of uplift NWB currently receives is constrained by its high stand-alone creditworthiness; there is scope for further notching of support to be factored into the credit rating on NWB. NWB's its Articles of Association restrict its ownership and activities to the public sector....

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 READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS