S&P: Outlook Rabobank to ‘Positive’ from ‘Stable’

On 15 September 2017, S&P Global Ratings announced that it has revised its Outlook on Rabobank to ‘Positive’ from ‘Stable’ and at the same time affirmed its ratings.

According to S&P the rating action reflects the view that “the Netherlands is experiencing a broad-based economic expansion, coupled with a noticeable, but still uneven, recovery of the housing market and an improving commercial real estate (CRE) market. Despite the high gross debt in the economy, we believe economic imbalances are receding, which should be generally credit positive for banks.” S&P is of the opinion that the economic risk trend for the Dutch banking industry is ‘Positive’ rather than ‘Stable’, and has accordingly adjusted the Outlook on Rabobank.

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