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ABN AMRO Bank N.V. Jul 09
Standard & Poors, July 2009
Abstract
Ownership by a consortium led by The Royal Bank of Scotland Group Sound capitalization and liquidity Commitment of all consortium members to conclude the breakup of activities in a secure and smooth manner Large franchise in the Netherlands Expected reduction in business diversification and depth of franchise from breakup of activities Poor financial performance of continuing businesses Operational risk during the breakup The ratings on Netherlands-based ABN AMRO Bank N.V. (ABN AMRO) are based on the bank's 100% ownership by a consortium led by U.K. bank holding company, The Royal Bank of Scotland Group PLC (RBSG; A/Stable/A-1). We understand that the separation of ABN AMRO's assets and liabilities and related activities between the consortium members will be achieved by the...
Companies mentioned in this report are: The Royal Bank of Scotland N.V.,Banco Santander S.A.,The Royal Bank of Scotland Group PLC,Fortis Bank (Nederland) N.V.
Action: Review
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: Full Analysis
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