Moody’s affirms Rabobank ratings of Aa2
On 24 September 2021 Moody’s Investors Service (Moody’s) has affirmed the Aa2 long-term deposit and senior unsecured debt ratings. The outlook remains ‘stable’. Moreover, the rating agency affirmed Rabobank's Baseline Credit Assessment (BCA) and Adjusted BCA at a3. Rabobank's subordinated debt rating at Baa1, its long-term senior non-preferred unsecured debt rating at A3 and its Additional Tier 1 (AT1) securities at Baa3(hyb) were also affirmed.
Moody’s expects that Rabobank’s well-entrenched and low risk profile, as well as its strong financial fundamentals, will continue to support its strong solvency profile. The affirmation of the a3 BCA is also underpinned by the bank's good and stable capitalization, which provides a strong loss-absorption capacity, and low asset risk. Moody's views Rabobank's asset quality as sound, because of its relatively conservative underwriting policy and strong track record of low credit losses. Finally, the rating agency's affirmation of the BCA reflects Rabobank's robust funding structure.
Further details can be found in Moody’s press release linked below.