Credit Ratings

Coöperatieve Rabobank U.A. has solicited credit ratings from four credit rating agencies: S&P Global, Moody’s, Fitch and DBRS Morningstar. The credit rating agencies continuously review our creditworthiness and issue credit ratings for Rabobank and its different classes of debt instruments.

Overview Credit Ratings

Current and past credit ratings, reports and press releases can be found in this section. These are provided for informational purposes only, and are solely the opinions of the credit rating agencies. Credit ratings are subject to change at any time depending on quantitative and qualitative factors. Rabobank does not endorse or accept responsibility for the credit ratings issued by the rating agencies or their publications.

S&P GlobalMoody'sFitchDBRS
Long Term Rating & OutlookA+ / StableAa2 / StableA+ / StableAA (low) / Stable
Short Term RatingA-1P-1F1R-1 (middle)


Covered Bonds (CB)not ratedAAAnot ratednot rated
Senior Preferred Bonds (PS)*A+Aa2Aa-AA (low)
Senior Non Preferred Bonds (NPS)A-A3A+not rated
Tier 2 Bonds (T2)BBB+Baa1A-not rated
Additional Tier 1 Bonds (AT1)not ratedBaa3BBBnot rated

Latest Publications

Latest Research Report12 Dec 202322 Dec 202317 Nov 202321 Dec 2023
Latest Rating Review**22 Jun 20231 Dec 202331 Oct 202302 Nov 2023

* Ratings also apply to MREL eligible Senior Preferred Bonds
** No press release was issued by S&P


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