DBRS confirms ING Bank

DBRS said it confirmed ING Bank NV's issuer and long-term debt rating at AA (low) and its short-term debt at R-1 (middle) as well as ING Bank of Canada's issuer and long-term debt rating at A (high) and its short-term debt at R-1 (middle). The trend on all ratings is stable.

The agency said the ratings are based on ING Bank's leading retail and commercial banking franchise in the Benelux region, significant international banking capabilities, a solid liquidity profile that is bolstered by ING Direct and a relatively low-risk profile that is reinforced by improved capitalization.

The ratings also take into account the challenges facing the bank as it executes on its restructuring plan and separates its operations from those of the insurance businesses that have historically been closely intertwined under their parent company, ING Groep NV.

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