F. van Lanschot Bankiers' Second Conditional Pass-Through Covered Bonds Issuance Assigned 'AAA' Ratings

OVERVIEW We have assigned 'AAA' ratings to the inaugural public mortgage covered bonds issuance from F. van Lanschot Bankiers' conditional pass-through covered bond program. Our ratings reflect our review of the program under our covered bonds criteria and the fact that available credit enhancement exceeds the required credit enhancement for a 'AAA' rating. 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. MADRID (Standard&Poor's) April 29, 2015--Standard&Poor's Ratings Services has assigned 'AAA' credit ratings to the inaugural public issuance from F. van Lanschot Bankiers N.V.'s (Van Lanschot) conditional

...OVERVIEW + We have assigned '###' ratings to the inaugural public mortgage covered bonds issuance from F. van Lanschot Bankiers' conditional pass-through covered bond program. + Our ratings reflect our review of the program under our covered bonds criteria and the fact that available credit enhancement exceeds the required credit enhancement for a '###' rating. + 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. MADRID (Standard & Poor's) April 29, 2015--Standard & Poor's Ratings Services has assigned '###' credit ratings to the inaugural public issuance from F. van Lanschot Bankiers N.V.'s (Van Lanschot) conditional pass-through covered bond program. On March 3, 2015, we assigned '###' ratings to the conditional pass-through covered bond program and the first series issued under it (see "Dutch F. van Lanschot...

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