Fitch downgrades ABN and Rabo amid RWA inflation

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By Tyler Davies
16 Sep 2020

Fitch cut the long-term issuer default ratings (IDRs) of ABN Amro and Rabobank this week, with a rise in risk-weighted assets having helped to push down the size of the banks’ subordinated bond buffers.

Fitch downgraded Rabobank’s IDR from AA- to A+ and kept the rating on a negative outlook.

It noted that the issuer’s additional tier one (AT1) and tier two buffers had fallen to 9.9% of risk-weighed assets (RWAs) at the end of June.

The agency will score banks ...

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