DBRS Morningstar confirms AA rating with Stable trend
On 30 October 2019 DBRS Morningstar has confirmed the ratings of Rabobank, including the Long-Term Issuer Rating at AA and the Short-Term rating at R-1 (high). The trend on all ratings is Stable.
According to DBRS Morningstar the confirmation of the ratings ‘takes into consideration the Group’s very strong retail and commercial franchise in the Netherlands, as well as its global franchise in food & agriculture financing. The ratings also incorporate the strong financial fundamentals of Rabobank, including a strong capital position and sound asset quality as well as the Group’s strengthened funding profile and large liquidity buffers. Conversely, the ratings also reflect Rabobank’s still modest profitability and efficiency levels relative to similarly rated peers.’.
DBRS’s Grid Summary Grades for Coöperatieve Rabobank U.A. are as follows: Franchise Strength – Very Strong/Strong; Earnings – Strong; Risk Profile – Strong; Funding & Liquidity – Very Strong/Strong; Capitalisation – Strong.
- DBRS press release (30 October 2019)
Published: 30 October 2019, 20:15 CET
Elements of this press release are considered by Rabobank as inside information relating directly or indirectly to Rabobank within the meaning of article 7 of the Market Abuse Regulation (EU Regulation 596/2014) that is made public in accordance with article 17 Market Abuse Regulation.