S&P Reconfirms Triple A Rating BNG
PR Newswire THE HAGUE, the Netherlands, December 21, 2012
THE HAGUE, the Netherlands,December 21, 2012/PRNewswire/ --
Today Standard & Poor's (S&P) reconfirmed BNG's triple A rating. The outlook is negative, in line with the outlook on the State of The Netherlands. BNG is also triple A rated by Moody's and by Fitch, confirming BNG's position as one of the world's highest rated banks.
OnNovember 16, 2012, following the potential of a more protracted downturn in The Netherlands and the wider Eurozone, S&P placed BNG's triple A rating on CreditWatch with negative implications. Today, following additional research, S&P removed BNG's ratings from CreditWatch negative.
BNG is the bank of and for local authorities and public sector institutions. The bank makes a sustainable contribution to minimizing the costs of social facilities for citizens.