DBRS confirms rating Rabobank at AA, Stable Trend
On 8 November 2017 DBRS Ratings announced that they have confirmed the ratings on Coöperatieve Rabobank U.A. (Rabobank), including the Long-Term Issuer Rating of AA, and the Short-Term Issuer rating of R-1 (high). The trend on all the ratings remains Stable.
According to DBRS the confirmation of the ratings and the Stable trend take into consideration “Rabobank’s leading franchise in the Dutch retail & SME market as well as its strong global presence in food and agriculture financing. The ratings incorporate the Group’s strengthened capital position, sound asset quality, and improving profitability. Conversely, the ratings also reflect the Group’s modest, albeit improving, efficiency levels and still high reliance on wholesale funding.”