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Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. Oct 06 Product Image

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. Oct 06

  • ID: 2026553
  • October 2006
  • Standard & Poors

Abstract
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) (Unsolicited Ratings)
- Bank Nederlandse Gemeenten N.V.

Action: Review

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: Full Analysis

Note: Product cover images may vary from those shown

- Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.
- Netherlands (State of The) (Unsolicited Ratings)
- Bank Nederlandse Gemeenten N.V.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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