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ABN AMRO Bank N.V. 'AA-/A-1+' Ratings Affirmed; Outlook Developing Oct 08
Standard & Poors, Oct 2008
Abstract
FRANKFURT (Standard & Poor's) Oct. 7, 2008--Standard & Poor's Ratings Services said today that it affirmed its 'AA-/A-1+' long- and short-term counterparty credit ratings on ABN AMRO Bank N.V. The outlook remains developing. The rating action follows yesterday's rating action on The Royal Bank of Scotland Group PLC (RBSG; A+/Negative/A-1) and Fortis Bank Nederland (Holding) N.V. (FBN; A/Watch Dev/A-1). (For more information, see 'Royal Bank of Scotland PLC L-T Rating Lowered To 'AA-' On Financial Profile; Outlook Neg,' and 'Fortis Entities Put On Watch With Various Implications; Holding Cos. Downgraded To 'BBB-/A-3',' published on Oct. 6, 2008, on RatingsDirect.) The ratings on ABN AMRO are at the same level as those on The Royal Bank of Scotland PLC (RBS; AA-/Negative/A-1+),...
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: Affirmed
Action: Outlook: 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 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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