LONDON (Standard&Poor's CreditWire) Oct. 15, 1999--Standard&Poor's today affirmed its triple-'A' long-term and 'A-1'-plus short-term ratings on Rabobank Nederland (Rabo), and its ratings on Rabo's subsidiaries. The outlook remains stable. The triple-'A' ratings on DG Bank Deutsche Genossenschaftsbank AG's (DG Bank) covered bonds (Gedeckte Schuldverschreibungen) remain unchanged. Standard&Poor's has not assigned counterparty credit ratings to DG Bank. (See list below for all rating actions.) The rating actions follow today's announcement of Rabo's strategic alliance with DG Bank, which will involve the merger of much of both banks' respective corporate and investment banking activities. In accordance with a letter of intent, Rabo and DG Bank each will own 50% of DG-Rabo International (DG-Rabo), combining Rabo's expertise
