The rating reflects the group’s well diversified business model, solid fundamentals, and capital optimisation in line with the adjusted CET1 ratio target.

In the context of Scope Ratings’ strategy of focussing on the needs of institutional investors, Scope will offer its unsolicited bank and covered bond credit ratings on a subscription basis only via its credit intelligence platform.

Scope Ratings has today affirmed its long- and short-term ratings on ING Bank. At the same time, it has assigned a BBB rating to ING Group’s latest AT1 issue.

Scope rates at A+/Stable new TLAC/MREL-eligible senior debt issued by ING Group; also upgrades to AA-/Stable senior unsecured debt issued by ING Bank (in line with the bank’s existing Issuer Rating).