Paris -- Standard&Poor's CreditWire 5/27/98 -- Standard&Poor's today placed its 'A-1' short-term counterparty rating on Generale Bank (Generale) and its related entity on CreditWatch with positive implications. In a related action, Standard&Poor's affirmed its double-'A' long-term and 'A-1'-plus counterparty ratings on ABN-AMRO Bank N.V. (ABN-AMRO) and related entities. The outlook is stable. At the same time, Standard&Poor's affirmed its double-'A'-minus long-term counterparty and senior unsecured ratings , and subordinated debt of single-'A'-plus , and its 'A-1'-plus short-term counterparty and commercial paper ratings of Banque Generale du Luxembourg (BGL), a 52.6% owned subsidiary of Generale. The outlook is stable. These rating actions follow the announcement by the managing board of ABN AMRO of
