06. Jun 2017 Monitoring note – Banks
New analysis on Rabobank Group
Scope Ratings has updated its rating report on Rabobank, rated AA- with Stable Outlook.
The ratings reflect Rabobank’s position in the Netherlands as a leading and relatively low-risk cooperative bank.
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.
Recently the Group has been strengthening its capital position and building a considerable buffer of bail-inable debt, to protect senior unsecured bondholders. Moreover, Rabobank’s management has focused on balance sheet optimisation, reducing size by selectively disposing of portfolios, in anticipation of the possible implementation of Basel IV.
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