OREANDA-NEWS. January 15, 2016. Fitch Ratings announced that they have affirmed Co?peratieve Rabobank U.A.'s (Rabobank) Long-term Issuer Default Rating (IDR) at ‘AA-‘ with a Stable Outlook following the group’s restructuring, which was effective 1 January 2016. At the same time, the agency has assigned a Viability Rating (VR) of ‘a+’.

Cooperatieve Rabobank U.A. is the new legal name of Co?peratieve Centrale Raiffeisen-Boerenleenbank B.A., previously the central institution of the Rabobank Group, into which all 106 local member banks were merged on 1 January 2016. In line with its criteria, Fitch previously did not assign a VR, Support Rating and Support Rating Floor to the central institution. Following the group restructuring, Fitch has assigned the merged entity a VR, Support Rating and Support Rating Floor.

Fitch has also withdrawn the ratings of Rabobank Group, which as such no longer exists (apart from Co?peratieve Rabobank U.A. still holding subsidiaries). Please find below a link to the Fitch press release, in which you can find amongst others a full list of rating actions and an overview of the key rating drivers. The full rating report will be available in due course.