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ABN AMRO Bank N.V., LaSalle Bank Ratings On Watch Pos.; Barclays Bank Rating Affirmed Apr 07
Standard & Poors, April 2007
Abstract
LONDON (Standard & Poor's) April 23, 2007--Standard & Poor's Ratings Services said today that it placed its 'AA-' long-term counterparty credit rating on ABN AMRO Bank N.V. on CreditWatch with positive implications. At the same time, the 'A-1+' short-term rating was affirmed. Additionally, the 'A+/A-1' counterparty credit rating on ABN AMRO's subsidiary, LaSalle Bank Corp., were placed on CreditWatch with positive implications, following the announcement of its proposed sale to Bank of America Corp. (AA/Stable/A-1+). We also affirmed our 'AA/A-1+' counterparty credit ratings on Barclays Bank PLC and Barclays Bank Ireland PLC. The outlook is stable. These rating actions follow the announcement of a proposed takeover of ABN AMRO by Barclays PLC (not rated). 'The affirmation of the ratings on...
Companies mentioned in this report are: The Royal Bank of Scotland N.V.,Bank of America Corp.,Barclays Bank PLC,BANA Holding Corp,Barclays Bank Ireland PLC
Action: On CreditWatch:Positive
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 different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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