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Ratings outlook downgraded for Rabobank’s AAA

14/12/2009

Standard & Poor’s changed its outlook on the AAA credit rating on senior debt and A-1+ rating on short-term debt assigned to Rabobank Nederland, and its subsidiaries Rabobank Australia and Rabobank New Zealand to negative from stable.

The negative outlook reflects S&P’s expectation that the weak economic environment will continue to challenge the banking industry and that Rabobank's balance sheet and performance will be adversely affected by recessions in its key markets.

A day earlier, Fitch affirmed its AA+/Stable/F1+ ratings on Rabobank. Rabo continues to hold a Aaa rating from Moody's.

Source: The Sheet

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