F. van Lanschot Bankiers Conditional Pass-Through Covered Bond Ratings Affirmed At 'AAA' Following Criteria Update

OVERVIEW We have reviewed our ratings on F. van Lanschot Bankiers' conditional pass-through covered bonds under our revised Dutch RMBS criteria. Following our review, we have affirmed our 'AAA' ratings on the covered bonds. Our ratings on the covered bonds are delinked from the issuer's jurisdiction-supported rating level and we do not assign outlooks for ratings on programs whose creditworthiness we believe does not depend on that of the issuing bank. FRANKFURT (Standard&Poor's) April 13, 2016--Standard&Poor's Ratings Services said today that it has completed its review of its ratings on the mortgage covered bonds issued by F. van Lanschot Bankiers N.V. (Van Lanschot) by applying its revised criteria for rating Dutch residential mortgage-backed securities (RMBS; see

...OVERVIEW + We have reviewed our ratings on F. van Lanschot Bankiers' conditional pass-through covered bonds under our revised Dutch RMBS criteria. + Following our review, we have affirmed our '###' ratings on the covered bonds. + Our ratings on the covered bonds are delinked from the issuer's jurisdiction-supported rating level and we do not assign outlooks for ratings on programs whose creditworthiness we believe does not depend on that of the issuing bank. FRANKFURT (Standard & Poor's) April 13, 2016--Standard & Poor's Ratings Services said today that it has completed its review of its ratings on the mortgage covered bonds issued by F. van Lanschot Bankiers N.V. (Van Lanschot) by applying its revised criteria for rating Dutch residential mortgage-backed securities (RMBS; see "Dutch RMBS Methodology And Assumptions," published on Dec. 24, 2015). As a result, we have affirmed our '###' ratings on the covered bond program and related issuances. Based on our credit and cash flow results,...

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