S & P rating reprieve for Dutch banks

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The credit rating agency Standard & Poor’s says it is now more positive about the prospects for four Dutch banks. Although their future is still seen as negative, S & P is less inclined to reduce their credit rating.

The four banks are the Rabobank, ABN-Amro, Bank Nederlandse Gemeenten and the Waterschapsbank.

This assessment is largely the result of the improved rating for the Dutch government, which has a strong influence on the Dutch banks. ABN-Amro is, in fact, state-owned.

S & P described the Netherlands as having a robust economy.

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