Stable business profile anchored by market-leading position in The Netherlands. Strong liquidity position and stable funding profile. Steady long-term earnings performance. Relative resilience to economic downturn. Cautious management culture. Elevated, but declining, impairment losses, particularly in Ireland. Legacy exposures to structured credit and monoline insurers. Mutual status that constrains ability to raise capital, if required. The ratings on Coöperative Centrale Raiffeisen-Boerenleenbank B.A., which is commonly known as Rabobank Nederland, reflect its sound financial position, controlled risk profile, stable strategy, and strong franchise in The Netherlands. To date, Rabobank Nederland has demonstrated relative resilience to the economic downturn and recent market volatility, largely due to its robust domestic retail business. Nevertheless, its earnings have been pressured by elevated loan impairment charges,
