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Ratings On 16 KBC Bank N.V. LOC-Supported Bond Issues Lowered; Eight Ratings Affirmed Mar 09 Product Image

Ratings On 16 KBC Bank N.V. LOC-Supported Bond Issues Lowered; Eight Ratings Affirmed Mar 09

  • ID: 2044506
  • March 2009
  • Standard & Poors

FEATURED COMPANIES

  • Baltimore Cnty
  • Big Bear Lake
  • Bunge Asset Funding Corp.
  • Clarksville
  • Florissant Indl Dev Auth
  • Illinois Educl Fac Auth
  • MORE

Abstract
NEW YORK (Standard & Poor's) March 24, 2009--Standard & Poor's Ratings Services today lowered its ratings on 16 KBC Bank N.V. letter of credit (LOC)-supported bond issues. At the same time, Standard & Poor's affirmed its ratings on five jointly supported bond issues, one asset-backed commercial paper (ABCP) program, and two LOC-backed commercial paper (LOC-CP) programs (see list). These rating actions follow the March 18, 2009, lowering of our long-term counterparty credit rating on KBC Bank to 'A' from 'A+' (see "KBC Group Entities Ratings Lowered By One Notch On Asset Quality Pressure; Outlook Stable " on RatingsDirect at www.ratingsdirect.com). The lowered ratings are based on the credit and liquidity support provided by KBC Bank in the form of LOCs....

Companies mentioned in this report are:
- KBC Bank N.V.
- Santa Ana
- Baltimore Cnty
- Brevard Cnty Hlth Fac Auth
- New York City Trust for Cultural Resources
- Big Bear Lake
- Wisconsin Hlth & Ed Fac Auth
- Kentucky Econ Dev Fin Auth
- Yellowwood Acres Inc.
- Santander Bank, N.A.
- Florissant Indl Dev Auth
- Bunge Asset Funding Corp.
- Clackamas Cnty Hosp Fac READ MORE >

- KBC Bank N.V.
- Santa Ana
- Baltimore Cnty
- Brevard Cnty Hlth Fac Auth
- New York City Trust for Cultural Resources
- Big Bear Lake
- Wisconsin Hlth & Ed Fac Auth
- Kentucky Econ Dev Fin Auth
- Yellowwood Acres Inc.
- Santander Bank, N.A.
- Florissant Indl Dev Auth
- Bunge Asset Funding Corp.
- Clackamas Cnty Hosp Fac Auth
- Illinois Educl Fac Auth
- Michigan Strategic Fund
- Volusia Cnty Indl Dev Auth
- California Statewide Communities Dev Auth
- Clarksville
- Coconino Cnty Poll Ctl Corp

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