• SELECT SITE CURRENCY
Select a currency for use throughout the site
Ratings on De Nationale Investeringsbank N.V. Lowered to 'AA-' From 'AA+'; Off CreditWatch Neg Sep 99
Standard & Poors, September 1999
LONDON (Standard & Poor's CreditWire) Sept. 9, 1999--Standard & Poor's today lowered its long-term counterparty credit, certificate of deposit, and senior unsecured debt ratings on De Nationale Investeringsbank N.V. (NIB) to double-'A'-minus from double-'A'-plus. Standard & Poor's also lowered its subordinated debt ratings on NIB to single-'A'-plus from double-'A'. The ratings were also removed from CreditWatch, where they were placed on Dec. 24, 1998, with negative implications. At the same time, Standard & Poor's affirmed its 'A-1'-plus short-term counterparty credit, certificate of deposit, and short-term debt ratings on NIB, and removed these ratings from CreditWatch, where they were placed on Jan. 13, 1999, with negative implications. The outlook is stable. The ratings on NIB were placed on CreditWatch following the...
Companies mentioned in this report are: NIBC Bank N.V.,State of The Netherlands (Unsolicited Ratings)
Action: Downgraded, Off CreditWatch
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.
NIBC Bank N.V.,State of The Netherlands (Unsolicited Ratings)