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Bank Nederlandse Gemeenten 'AAA/A-1+' Ratings Affirmed On Revised Methodology For Government-Related Entities Jul 09
Standard & Poors, July 2009
Abstract
Standard & Poor's has revised its methodology for rating government-related entities. In accordance with our criteria, we are affirming our 'AAA/A-1+' ratings on Bank Nederlandse Gemeenten. The stable outlook reflects BNG's stable stand-alone credit profile and the stable outlook on our ratings on the Dutch government. LONDON (Standard & Poor's) July 15, 2009--Standard & Poor's Ratings Services said today that it affirmed its 'AAA'/A-1+' long- and short-term counterparty credit ratings on Dutch public sector lender Bank Nederlandse Gemeenten N.V. (BNG). The outlook is stable. The ratings on BNG are based on the implicit support the bank receives from the Dutch Ministry of Finance, arising from BNG's public-sector mandate and combined ownership by the State of The Netherlands (AAA/Stable/A-1+) and other...
Companies mentioned in this report are: Bank Nederlandse Gemeenten N.V.
Action: Affirmed
Action: Outlook: Stable
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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