Summary: ABN AMRO Bank N.V. Jul 11
- ID: 1928465
- July 2011
- Standard & Poors
The ratings on ABN AMRO reflect our view of its good market position in Dutch banking, moderate credit risk profile, and sound capital position, combined with potential extraordinary support from the Dutch state. The ratings continue to be penalized by some execution risk linked to the integration of Fortis Bank Nederland N.V. (FBN), with which ABN AMRO merged on July 2010, and lower-than-peer profitability and business and geographic diversification. The one notch of uplift above our assessment of ABN AMRO's stand-alone credit profile (SACP) reflects our expectation that the Dutch state would provide extraordinary support if needed, in particular during the transition period of the integration with FBN. We consider that ABN AMRO has high systemic importance in The Netherlands,...
Companies mentioned in this report are:
- ABN AMRO Bank N.V.
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