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Research Update: Nederlandse Waterschapsbank N.V. 'AAA' Long-Term Rating Placed On CreditWatch Negative Following Sovereign Action Dec 11 Product Image

Research Update: Nederlandse Waterschapsbank N.V. 'AAA' Long-Term Rating Placed On CreditWatch Negative Following Sovereign Action Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
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

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 READ MORE >

- Nederlandse Waterschapsbank N.V.

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