ING Groep's debt ratings confirmed with stable outlook, says Moody's |
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Published
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Wed, 11 Apr 2007 14:50
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MUMBAI (Thomson Financial) - Moody's Investors Service has confirmed its ratings on ING Groep NV and its holding companies as well as the backed senior unsecured debt ratings of Lion Connecticut Holdings Inc.The rating agency has Aa2 senior, Aa3 subordinated and A1 preferred debt ratings for ING Groep.Moody's also confirmed the A1 backed preferred debt ratings of the main funding holding companies and the Aa2 backed senior unsecured ratings of Lion Connecticut Holdings.The outlook is stable for all the group's ratings, Moody's said.'The rating confirmation reflects the limited impact in the overall credit fundamentals of the group of the recent downgrade of ING Bank NV's deposit rating to Aa1 from Aaa due to Moody's latest refinements to its bank rating methodology,' said S&P analyst Jose Morago.Moody's said the rating action concluded the review for the possible downgrade initiated on April 4, 2007.tf.TFN-Europ_newsdesk@thomson.compcm/man/akuCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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ING Groep's US-based holding cos affirmed by Moody's 