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S&P places NN Group ratings on CreditWatch Negative following offer for Delta Lloyd

S&P Global Ratings on Oct. 7 placed 's A- long-termcounterparty credit ratings on CreditWatch with negative implications.

At the same time, the rating agency affirmed the group's A-2short-term rating.

S&P also placed the A+ long-term counterparty credit andinsurer financial strength ratings of NN Re (Netherlands) NV and the A/A-1 long- andshort-term counterparty credit ratings on Nationale-Nederlanden Bank NV on CreditWatch negative.

The CreditWatch placement follows NN Group's to acquire for a totalconsideration of €2.4 billion.

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.