DBRS Places ABN AMRO Bank N.V.’s Ratings Under Review with Developing Implications
DBRS has today placed its AA Long-Term Debt and Deposits rating and its R-1 (high) Short-Term Debt and Deposits rating of ABN AMRO Bank N.V. (ABN AMRO) Under Review with Developing Implications. This action reflects the increased uncertainty regarding the timing of any dispositions from RFS Holdings NV, the destination of ABN AMRO’s various debt obligations and the ultimate form of the newly reconstituted Dutch banking business of ABN AMRO. Recently, it was announced that the deal under which Deutsche Bank was to acquire parts of ABN AMRO’s Dutch commercial banking business (the so-called EC Remedy businesses) had been terminated.
Note:
The applicable methodology is Analytical Background and Methodology for European Bank Ratings, Second Edition, which can be found on our website under Methodologies.
This is a Corporate (Financial Institutions) rating.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.
Ratings
| Issuer | Debt Rated | Rating Action | Rating | Trend | Notes | Published |
|---|---|---|---|---|---|---|
| ABN AMRO Bank N.V. | Long-Term Debt and Deposits | UR-Dev. | AA | -- | Dec 23, 2008 | |
| ABN AMRO Bank N.V. | Short-Term Debt and Deposits | UR-Dev. | R-1 (high) | -- | Dec 23, 2008 | |
| ABN AMRO Bank N.V. | Subordinated Debt | UR-Dev. | AA (low) | -- | Dec 23, 2008 | |
| ABN AMRO Holding N.V. | Long-Term Debt | UR-Dev. | AA | -- | Dec 23, 2008 | |
| ABN AMRO Capital Funding Trust V | Preference Shares | UR-Dev. | A (high) | -- | Dec 23, 2008 | |
| ABN AMRO Capital Funding Trust VI | Preference Shares | UR-Dev. | A (high) | -- | Dec 23, 2008 | |
| ABN AMRO Capital Funding Trust VII | Preference Shares | UR-Dev. | A (high) | -- | Dec 23, 2008 |