Moody’s upgrades Rabobank ratings to Aa2, driven by updated bank methodology
On 13 July 2021 Moody’s Investors Service (Moody’s) has taken rating actions on several Dutch banks, including Rabobank. The rating actions on four Dutch banks were driven by revisions to the Advanced LGF framework within Moody's updated Banks Methodology.
Moody's upgraded Rabobank's long-term deposits and senior unsecured debt ratings to Aa2 from Aa3. The outlook remains stable. The rating agency also upgraded the long-term deposit note and senior unsecured MTN programme ratings to (P)Aa2 from (P)Aa3. As the issuer rating of a bank is linked to its long-term deposit and senior unsecured debt ratings, Rabobank’s issuer rating has also been upgraded by 1 notch to Aa2 from Aa3. The outlook remains ‘stable’. The ratings of NPS (A3) and more subordinated bonds remain unchanged.