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ABN AMRO Bank's Hybrid Debt Ratings Raised To 'BB+' On Lower Risk Of Coupon Deferral Sep 11
Standard & Poors, Sep 2011
Abstract
Netherlands-based ABN AMRO Bank announced an interim dividend on ordinary shares this year that will trigger the next hybrid coupon payment in 2012. We believe the bank's earnings generation capacity has improved, also significantly reducing the risk of coupon deferral in 2013. We are raising our rating on the two hybrid instruments to 'BB+'. PARIS (Standard & Poor's) Sept. 5, 2011--Standard & Poor's Ratings Services said today that it has raised its junior subordinated debt ratings to 'BB+' from 'B' on -149 million in Upper Tier 2 securities and on a -1 billion Tier 1 instrument issued by Dutch bank ABN AMRO Bank N.V. (A/Stable/A-1). Standard & Poor's sees a significantly lower risk of coupon deferral on ABN AMRO's hybrid...
Companies mentioned in this report are: ABN AMRO Bank N.V.
Action: Upgraded
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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