Strong and growing public policy role as the government's primary vehicle for promoting private-sector growth in developing countries Explicit government support demonstrated by state's maintenance obligation and implicit guarantee of FMO's financial commitments Significant profitability given the risk profile of lending Higher risk profile of its lending due to the nature of its business Significant volatility in the income stream The ratings on Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (Netherlands Development Finance Co.; FMO) reflect strong sovereign support for the company, based on the operating maintenance obligation and the solvency commitment, which support the ratings at the same level as the State of The Netherlands (AAA/Stable/A-1+). FMO fulfills a strong and growing public policy role as the government's primary vehicle for...
Companies mentioned in this report are:
- Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.
- Netherlands (State of The)
- Bank Nederlandse Gemeenten N.V.
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