trending Market Intelligence /marketintelligence/en/news-insights/trending/CbbJ0W8eLpM895o-EFpOMw2 content esgSubNav
In This List

S&P upgrades Netherlands-based NIBC Bank

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


S&P upgrades Netherlands-based NIBC Bank

S&P Global Ratings on Oct. 12 upgraded NIBC Bank NV's long- and short-term counterparty credit ratings to BBB/A-2 from BBB-/A-3 and revised the outlook to stable from positive.

The agency also upgraded the bank's foreign-currency certificate of deposit and its senior unsecured rating to BBB from BBB-.

The upgrade reflects the gradual balancing of the bank's funding profile over recent years, which has increased its overall resiliency, according to S&P.

The outlook revision is based on S&P's view that the bank will maintain its niche franchise, strong capitalization, similar risk appetite and sound asset quality.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.