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Article: ABN-AMRO France Assigned AA/A-1+ Rtgs by S&P; Otlk Stable
- Article from:
- PR Newswire
- Article date:
- June 20, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, June 20 /PRNewswire/ -- Standard & Poor's today has assigned its double-'A' long-term counterparty rating and 'A-1'-plus short-term counterparty rating to ABN-AMRO France S.A. The outlook is stable. The ratings are based on ABN-AMRO France's strategic importance to its parent company, ABN-AMRO Bank N.V. (ABN-AMRO), and its high degree of operational integration within the ABN-AMRO group. ABN-AMRO's double-'A'/'A-1'-plus ratings reflect its strong commercial position as the largest bank group in the Netherlands, as well as its satisfactory operating profitability and adequate capitalization.
ABN-AMRO France, which is 88% owned by ABN-AMRO, is the ...
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