Standard & Poor's Applies New Criteria To Benelux Financial Institutions; 5 On Watch Neg After Sovereign Rating Actions Dec 11
Standard & Poors, December 2011
Abstract
LONDON (Standard & Poor's) Dec. 8, 2011--Standard & Poor's Ratings Services today said it has reviewed its ratings on 13 financial institutions in the Benelux (Belgium, Luxembourg, and The Netherlands) by applying its new ratings criteria and updated group methodology for banks. In addition, we placed the long- term counterparty credit ratings on five Benelux financial institutions on CreditWatch with negative implications, following the placement of the long-term sovereign ratings on the Kingdom of Belgium (AA/Watch Neg/A-1+), the Grand Duchy of Luxembourg (AAA/Watch Neg/A-1+), and The State of Netherlands (AAA/Watch Neg/A-1+) on CreditWatch negative on Dec. 5, 2011 (see "Belgium's Unsolicited 'AA' Rating Placed On CreditWatch Negative," "Luxembourg's 'AAA' Long-Term Rating Placed On CreditWatch Negative," and "The Netherlands 'AAA' Unsolicited...
Companies mentioned in this report are:
- ABN AMRO Bank N.V.
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
- Banque et Caisse d'Epargne de l'Etat, Luxembourg
- NIBC Bank N.V.
- Bank Nederlandse Gemeenten N.V.
- Nederlandse Waterschapsbank N.V.
- LeasePlan Corporation N.V.
- KBC Bank N.V.
- Belfius Bank SA/NV
- SNS Bank N.V.
- SNS REAAL N.V.
- KBC Group N.V.
- KBC Insurance N.V.
- Achmea Hypotheekbank N.V.
- KAS BANK N.V.
- F. van Lanschot Bankiers N.V.
- Argenta Spaarbank N.V.
- CSOB Pojistovna a. s.
- KBC Group Re S.A.
Action: Affirmed
Action: On CreditWatch:Negative
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
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- ABN AMRO Bank N.V.
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
- Banque et Caisse d'Epargne de l'Etat, Luxembourg
- NIBC Bank N.V.
- Bank Nederlandse Gemeenten N.V.
- Nederlandse Waterschapsbank N.V.
- LeasePlan Corporation N.V.
- KBC Bank N.V.
- Belfius Bank SA/NV
- SNS Bank N.V.
- SNS REAAL N.V.
- KBC Group N.V.
- KBC Insurance N.V.
- Achmea Hypotheekbank N.V.
- KAS BANK N.V.
- F. van Lanschot Bankiers N.V.
- Argenta Spaarbank N.V.
- CSOB Pojistovna a. s.
- KBC Group Re S.A.
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