Extremely sound and stable business and financial profiles; Strong asset quality; and Conservative management. Limited opportunities for growth in the domestic market; and Strategic challenge to diversify internationally. The ratings on Rabobank Nederland and its subsidiaries reflect the group's extremely sound business and financial profiles. In recent years, the bank has been able to strengthen its already strong market position in the Netherlands, while at the same time improving its operating performance, limiting its cost of risk, and maintaining its high level of capitalization. Rabobank Nederland acts as the central clearer for the Dutch cooperative banking system, which is bound by a cross-guarantee scheme under which members pledge to support each other's obligations. For this reason, Rabobank Nederland and the
