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Long-Term Sovereign Rating Lowered To 'AA+'; Outlook Stable

  • Nov 29, 2013

On Nov. 29, 2013, Standard & Poor's Ratings Services lowered its long-term unsolicited sovereign credit ratings on the State of The Netherlands (The Netherlands) to 'AA+' from 'AAA'. At the same time, we affirmed our short-term ratings at 'A-1+'. The outlook is stable. More

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  • Dec 02, 2013
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The rating for The Netherlands has been revised to AA+ with a stable outlook, from AAA. In this CreditMatters TV, associate Benjamin Young discusses the main factors behind this change, including weaker growth prospects. Watch

  • Nov 28, 2013

Like the rest of the eurozone, The Netherlands is experiencing tough economic times. With real economic growth contracting in the last two quarters of 2012 and the first quarter of 2013, the Dutch economy is now in its third separate recessionary period since 2008. Some indicators show a very recent improvement in economic activity, but Standard & Poor's Ratings Services believes that prospects… More

  • Apr 08, 2013
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For the Dutch banking system, the difficult economic situation of the past 12 months culminated with the nationalization of SNS REAAL N.V., the country's fourth largest financial institution, on Feb. 1, 2013. Standard & Poor's Ratings Services expects that the continued pressure on the Dutch housing market and private sector will delay a more convincing economic recovery--and thus weigh on … More

  • Dec 03, 2013

The eurozone is only a moderately open economy in its entirety--only slightly more than a quarter of GDP was exported outside the region in 2012. For that reason, a reduction of the German surplus would pave an easier way for the external adjustment of the economies on the periphery of the eurozone. That's because the exports of goods and services of one economy correspond by definition to the… More

  • Nov 15, 2013

Standard & Poor's Ratings Services has assessed industry and country risk for the Dutch health insurance sector as low. Our assessment reflects our view of the very low country risk and intermediate industry risk affecting this sector. The overall assessment is comparable to several other developed health insurance markets, including Australia and the U.S. More

  • Nov 15, 2013

Standard & Poor's Ratings Services has assessed industry and country risk for the Dutch property/casualty (P/C) insurance sector as low. Our assessment, which covers both personal and commercial lines, reflects our view of the very low country risk and intermediate industry risk that affect this sector. The country risk is a key strength for our overall assessment. Within industry risk, we view… More

  • Jun 11, 2013
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Statistics Netherlands (CBS) reported a house price decline in April of 1.4% month-on-month and 7.6% year-on-year. This puts Dutch house prices at a 10-year low and 19.0% below their 2008 peak, with the rate of price declines continuing to accelerate. Combined with the current 17-year high in the unemployment rate, this suggests that the Dutch residential mortgage-backed securities (RMBS)… More

  • Nov 15, 2013

In the third quarter of 2013, 90+ day delinquencies remained stable in Standard & Poor's Ratings Services' Dutch residential mortgage-backed securities (RMBS) index. A number of transactions have seen their collateral performance deteriorate as macroeconomic conditions in the Netherlands have worsened over the past year. However, we view Dutch RMBS performance as being relatively robust,… More

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