LONDON (Standard&Poor's) Feb. 19, 2013--Standard&Poor's Ratings Services said today that the ratings and outlook on Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland; AA-/Stable/A-1+) are unaffected by the announced sale of the asset management business of its subsidiary Robeco Groep N.V. (Robeco) to Japan's ORIX Corp. The sale is still subject to legal and regulatory approval. Under the announced transaction, ORIX is to acquire about 90% of Robeco's equity for €1,935 million. The transaction is consistent with our expectation that the Rabobank group will continue to refocus its international activities around the food and agriculture sectors, and does not affect our assessment of the bank's business position. The announcement is also in line with our expectation that the
