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

OVERVIEW We have assigned preliminary 'AAA' ratings to the inaugural public mortgage covered bonds issuance from F. van Lanschot Bankiers' conditional pass-through covered bond program. Our preliminary 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 preliminary 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 9, 2015--Standard&Poor's Ratings Services has assigned preliminary 'AAA' credit ratings to the inaugural public issuance from F. van Lanschot Bankiers

...OVERVIEW + We have assigned preliminary '###' ratings to the inaugural public mortgage covered bonds issuance from F. van Lanschot Bankiers' conditional pass-through covered bond program. + Our preliminary 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 preliminary 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 9, 2015--Standard & Poor's Ratings Services has assigned preliminary '###' 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...

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