On Dec. 5, 2011, we placed the long-term unsolicited sovereign credit ratings on the State of The Netherlands on CreditWatch with negative implications. As a result, we are also placing the 'AAA' long-term rating on Nederlandse Waterschapsbank N.V. (NWB Bank) on CreditWatch negative. At the same time, we are affirming the 'A-1+' short-term rating on NWB Bank. Under our revised bank criteria (published on Nov. 9, 2011), our ratings on NWB Bank reflect its 'a-' anchor, adequate business position, very strong capital and earnings, strong risk position, average funding, and adequate liquidity. In accordance with our criteria for rating government-related entities (GREs), we have raised our assessment of NWB Bank's link with the government to "integral" from "very strong". As...
Companies mentioned in this report are:
- Nederlandse Waterschapsbank N.V.
Action: On CreditWatch:Developing
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Product Type: Research Update
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