S&P Corrects By Lowering Rating To 'A+' On ABN AMRO EUR40 Mil Medium-Term Notes Due 2017 - S&P Global Ratings’ Credit Research

S&P Corrects By Lowering Rating To 'A+' On ABN AMRO EUR40 Mil Medium-Term Notes Due 2017

S&P Corrects By Lowering Rating To 'A+' On ABN AMRO EUR40 Mil Medium-Term Notes Due 2017 - S&P Global Ratings’ Credit Research
S&P Corrects By Lowering Rating To 'A+' On ABN AMRO EUR40 Mil Medium-Term Notes Due 2017
Published Oct 02, 2012
966 words — Published Oct 02, 2012
Price US$ 150.00  |  Buy this Report Now

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Abstract:

PARIS (Standard&Poor's) Oct. 2, 2012--Standard&Poor's Ratings Services said today that it had lowered its issue rating to 'A+' from 'AA-' on the €40 million floating rate medium-term notes, due Feb. 16, 2017 (ISIN XS0485718836), issued in February 2010 by Fortis Bank (Nederland) N.V. Due to an error the notes were identified in our database as obligations of Fortis Bank S.A./N.V. (AA-/Negative/A-1+) although they were in fact initially issued by Fortis Bank (Nederland) N.V., who subsequently merged later in 2010 with ABN AMRO Bank N.V. (A+/Negative/A-1). RELATED CRITERIA AND RESEARCH Banks: Rating Methodology And Assumptions, Nov. 9, 2011 RATINGS LIST Downgrade To From ABN AMRO Bank N.V. Senior Unsecured A+ AA-

  
Brief Excerpt:

RESEARCH S&P Corrects By Lowering Rating To 'A+' On ABN AMRO EUR40 Mil Medium-Term Notes Due 2017 Publication date: 02-Oct-2012 Primary Credit Analysts: Elisabeth Grandin, Paris (33) 1-4420-6685; elisabeth_grandin@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
FBAVP@BB
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Corrects By Lowering Rating To 'A+' On ABN AMRO EUR40 Mil Medium-Term Notes Due 2017" Oct 02, 2012. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-By-Lowering-Rating-To-A-On-ABN-AMRO-EUR40-Mil-Medium-Term-Notes-Due-2017-1018286>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects By Lowering Rating To 'A+' On ABN AMRO EUR40 Mil Medium-Term Notes Due 2017 Oct 02, 2012. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-By-Lowering-Rating-To-A-On-ABN-AMRO-EUR40-Mil-Medium-Term-Notes-Due-2017-1018286>
  
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