The ratings reflect Rabobank’s position in the Netherlands as a leading and relatively low risk cooperative bank as well as its prime positioning in the global food and agricultural business.

The group enjoys a reputation for being prudently managed and this is reflected in its robust capital position and resilient performance throughout the financial crisis.
In more recent years, earnings were negatively impacted by the weak economic environment in the Netherlands but the economic recovery is now strengthening.

We have a positive view of management’s efforts to adapt the group and its business to a changing operating and regulatory environment as demonstrated by the good progress made in balance sheet optimisation and the continuous focus on cost reduction.

Download the full rating report here.