Fitch assigns NIBC negative view

Fitch Ratings said it affirmed NIBC Bank NV’s long-term issuer default rating at BBB, removed the rating from rating watch negative and assigned a negative outlook.

“The affirmation of the long-term IDR and removal from RWN reflect Fitch’s updated assessment that NIBC’s ratings have sufficient headroom under our baseline scenario to absorb pressure on asset quality and earnings. The negative outlook on NIBC’s long-term IDR reflects downside risks to our baseline scenario as pressure on the bank’s ratings would increase substantially if the downturn is deeper or more prolonged than we expect,” Fitch said in a press release.

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