LONDON (Standard&Poor's) Oct. 30, 2001--Standard&Poor's today revised its outlook on Netherlands-based NIB Capital Bank N.V. (NIB) to negative from stable. At the same time, Standard&Poor's affirmed its double–'A'-minus long-term and its 'A-1'-plus short-term ratings on NIB. The outlook change reflects the potential impact of the economic downturn on NIB's loan portfolio, as well as that of weak markets on its equity holdings. The ratings on NIB are based on the bank's recent favorable loan-loss experience, robust profitability, firm capitalization, and conservative management. NIB also benefits from its ownership by two major European pension funds, which has expanded its business opportunities, enhanced its financial flexibility, and would provide an element of support in stress situations.
