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F. Van Lanschot Bankiers and ING GROEP Ratings Affirmed on CenE Bankiers Sale Agreement Jul 04 Product Image

F. Van Lanschot Bankiers and ING GROEP Ratings Affirmed on CenE Bankiers Sale Agreement Jul 04

  • Published: July 2004
  • Standard & Poors

Abstract
LONDON (Standard & Poor's) July 21, 2004--Standard & Poor's Ratings Services said today it affirmed all its ratings on F. van Lanschot Bankiers N.V. (Van Lanschot) and ING GROEP N.V. (ING) and related entities, including the 'A-/A-2' long- and short-term counterparty credit ratings on Van Lanschot and the 'A+/A-1' long- and short-term counterparty credit ratings on ING. The outlook on Van Lanschot is positive and that on ING is stable. This follows the announcement that Van Lanschot intends to enter into an agreement to acquire CenE Bankiers N.V. (CenE; not rated) from ING. The financial terms of the acquisition, which is expected to be completed by October 2004, have not been publicly disclosed. CenE is a Netherlands-based bank that specializes...

Companies mentioned in this report are:
- F. van Lanschot Bankiers N.V.
- ING Groep N.V.

Action: Affirmed

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 READ MORE >

- F. van Lanschot Bankiers N.V.
- ING Groep N.V.

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