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Barclays Bank And ABN AMRO Bank Ratings Unchanged On Potential Merger Talks Mar 07
Standard & Poors, March 2007
Abstract
LONDON (Standard & Poor's) March 20, 2007--Standard & Poor's Ratings Services said today that its ratings on Barclays Bank PLC (AA/Stable/A-1+) and ABN AMRO Bank N.V. (AA-/Stable/A-1+) and their related entities are not immediately affected by the announcement that the banks are in exploratory discussions about a potential combination. Standard & Poor's notes that the talks are at an early stage, with a variety of possible outcomes, and will continue to comment as more details emerge. In determining possible rating actions, we will pay close attention to the proposed financial structure of any deal, the integration program and targeted synergies, and any plans for disposals. In Standard & Poor's view, a combined group would face considerable challenges in integrating the...
Companies mentioned in this report are: Barclays Bank PLC,The Royal Bank of Scotland N.V.,Absa Bank Ltd. (Unsolicited Ratings)
Action: General Comment
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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