Extremely sound and stable business and financial profiles Long-term steady earnings growth record Robust asset quality Strong capital and liquidity positions Cautious management philosophy High systemic importance in Dutch market Some exposure to structured credit and monolines, now being scaled back Strategic challenge in diversifying while seeking to maintain traditional risk and earnings profiles The ratings on Coöperative Centrale Raiffeisen-Boerenleenbank B.A.--commonly known as Rabobank Nederland (Rabobank)--reflect its extremely sound business and financial profiles, strong market position in The Netherlands, and low risk profile. These attributes have enabled it to win new business during the current turbulence, particularly in its home market. Net earnings growth was in line with Rabobank's 12% target in the first half of 2008, but there was
