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Prospect News home > News index > List of issuers A > Headlines for ASR Nederland NV > News item |
S&P rates ASR hybrids BBB-
S&P said it rated ASR Nederland NV’s tier 2 hybrid notes BBB-.
The rating is two notches below the issuer rating. S&P said it deducts a notch for subordination to senior creditors and another for the risk arising from the mandatory and optional coupon deferral.
The proceeds will partially finance the acquisition of Aegon Nederland.
The outlook is stable.
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