Moody’s downgrades ratings of 5 Dutch banks

Previous Post: nbsp

Moody’s downgrades ratings of 5 Dutch banks

Business Week – Moody’s cut the credit ratings of five Dutch lenders, including ING Groep NV and state-owned ABN Amro NV on Friday, citing a weak Dutch economy, falling house prices, and the effects of the European debt crisis. “Dutch banks will face difficult operation conditions throughout 2012 and possibly beyond,” the ratings agency said. The move follows a review announced on Feb. 15. Moody’s said all the downgraded banks have large mortgage books and high reliance on raising funds from other banks. Read Article

Tags: , , , ,

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes