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S&PCORRECT: Fortis Bank SA/NV 'BBB' Jr Sub Debt Under EMTN Program On Watch Dev Oct. 6, 2008

Published Jan 07, 2009

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Abstract:

PARIS (Standard&Poor's) Jan. 7, 2009--Standard&Poor's Ratings Services today corrected an administrative error relative to Belgium-based Fortis Bank SA/NV (A/Watch Pos/A-1). On Oct. 6, 2008, we placed the 'BBB' rating on potential junior subordinated debt related to the bank's €30 billion medium-term note (MTN) program on CreditWatch with developing implications. However, a 'BB' rating on this debt type was inadvertently entered in our database. Today's press release with a 'BBB' rating on this debt type under this program corrects this. There is currently no rated junior subordinated debt issued under this program. RATINGS LIST CreditWatch Action To From Junior Subordinated €30 Billion Debt Medium-Term Note Program BBB/Watch Dev BB/Watch Dev NB: This list does not include all

Report Type:

Ratings Action

Ticker

FBAVP@BB

Issuer

BNP Paribas Fortis SA/NV

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Belgium

Region

United States

Format:

PDF

Summary: Fortis Bank SA/NV – 2009/01/08 – US$ 225.00

Bulletin: Fortis Bank Belgium Ratings Are Unchanged Following Announcement Of Big Loss For 2008 – 2009/01/23 – Free

Fortis Bank SA/NV 'A/A-1' Ratings Maintained On CreditWatch Positive After Fortis Group Shareholder Meeting – 2009/02/13 – US$ 150.00

Research Update: Fortis Bank SA/NV 'A/A-1' Ratings Maintained On CreditWatch Positive After Fortis Group Shareholder Meeting – 2009/02/13 – US$ 225.00

Fortis Bank SA/NV 'A/A-1' Ratings Maintained On CreditWatch Positive After New Agreement Signed – 2009/03/11 – US$ 150.00

S&PCORRECT: Fortis Bank SA/NV 'A' Rated Senior Unsecured Debt On Watch Positive Oct. 6, 2008 – 2008/12/24 – US$ 150.00

Fortis Bank Belgium Kept On Watch Pos; Fortis Insurance Belgium Put On Watch Developing – 2008/12/19 – US$ 150.00

Research Update: Fortis Bank Belgium Kept On Watch Pos; Fortis Insurance Belgium Put On Watch Developing – 2008/12/19 – US$ 225.00

S&PCORRECT: Fortis Group €2 Bil Hybrid Lowered To 'BB', On Watch Developing On Oct. 6, 2008 – 2008/11/17 – US$ 150.00

Fortis Entities Put On Watch With Various Implications; Holding Cos. Downgraded To 'BBB-/A-3' – 2008/10/06 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "S&PCORRECT: Fortis Bank SA/NV 'BBB' Jr Sub Debt Under EMTN Program On Watch Dev Oct. 6, 2008" Jan 07, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-Fortis-Bank-SA-NV-BBB-Jr-Sub-Debt-Under-EMTN-Program-On-Watch-Dev-Oct-6-2008-694790>

APA:	S&P Global Ratings’ Credit Research. (). S&PCORRECT: Fortis Bank SA/NV 'BBB' Jr Sub Debt Under EMTN Program On Watch Dev Oct. 6, 2008 Jan 07, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-Fortis-Bank-SA-NV-BBB-Jr-Sub-Debt-Under-EMTN-Program-On-Watch-Dev-Oct-6-2008-694790>

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