OREANDA-NEWS. November 17, 2015. DBRS announced that they have confirmed Rabobank's Long-Term Deposit and Senior Debt ratings at 'AA', and the Short-Term Debt rating at 'R-1 (high)'. They revised the trend of all ratings to 'Stable', from 'Negative'.

According to DBRS the confirmation of the ratings, and the change in the trend to 'Stable', reflects the recent improvement in the Group’s underlying income before provisions and taxes, the continuing progress being made in reducing the Group’s cost base, as well as the recovering Dutch economy and the benefit of this on the Group’s provisioning charges.

DBRS adds that supporting the current rating level is the overall strength of Rabobank's franchise, which includes market-leading positions in retail savings, residential mortgages, small to mid-sized enterprises and food and agricultural lending in the Netherlands, as well as its international food and agribusiness franchise where Rabobank is an acknowledged global leader.