Research Update: Finland-Based Nordic Investment Bank Ratings Affirmed At 'AAA/A-1+' On Strong Member Support; Outlook Stable Aug 12
- Language: English
- Published: August 2012
On July 8, 2005, Standard & Poor's Ratings Services placed its 'A+/A-1' long- and short-term counterparty credit and certificate of deposit ratings on Netherlands-based NIB Capital Bank N.V. on CreditWatch with negative implications. The rating action reflects the announcement on July 7, 2005, that NIB Capital N.V. (NIB)--of which NIB Capital Bank is the major subsidiary--its shareholders, and a consortium led by J.C. Flowers & Co. LLC have entered into exclusive discussions concerning a possible acquisition of NIB. This development follows NIB's confirmation earlier this year that management was considering a number of strategic options including an IPO and a merger. Based in The Hague, NIB Capital Bank is a wholesale bank specialized in providing corporate finance, risk management, and...
Companies mentioned in this report are:
- NIBC Bank N.V.
Action: On CreditWatch:Negative
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
- NIBC Bank N.V.