Research Update: Rabobank Nederland Long-Term Rating Lowered To 'AA' On Bank Criteria Change; S-T Rating Affirmed; Outlook Stable Nov 11
Standard & Poors, November 2011
Abstract
Following a review of Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland or, alternatively, group) under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have lowered our long-term rating to 'AA' from 'AAA'. At the same time, we affirmed the 'A-1+' short-term rating. The outlook is stable. The rating on Rabobank Nederland's perpetual subordinated debt was lowered to 'A' from 'AA-', and the rating on its dated subordinated debt was lowered to 'A+' from 'AA+'. Other rating actions on debt issues and subsidiaries are listed below. Our ratings on Rabobank Nederland reflect our view of its 'a-' anchor, very strong business position, adequate capital and earnings, strong risk position, average funding, and adequate liquidity. Our ratings also reflect...
Companies mentioned in this report are:
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
- Rabobank Australia Ltd.
- Rabohypotheekbank N.V.
- Rabobank USA Financial Corp.
- Rabo Australia Ltd.
- Rabobank New Zealand Ltd.
- Rabobank Capital Funding Trust II
- Rabobank Capital Funding Trust III
- Rabobank Capital Funding Trust IV
- Rabobank Capital Funding Trust V
- Rabobank Capital Funding Trust VI
Action: Affirmed
Action: Downgraded
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
- Rabobank Australia Ltd.
- Rabohypotheekbank N.V.
- Rabobank USA Financial Corp.
- Rabo Australia Ltd.
- Rabobank New Zealand Ltd.
- Rabobank Capital Funding Trust II
- Rabobank Capital Funding Trust III
- Rabobank Capital Funding Trust IV
- Rabobank Capital Funding Trust V
- Rabobank Capital Funding Trust VI
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
