(The following statement was released by the rating agency)
Oct 04 -
-- We have observed an increase in Dutch private bank F. Van Lanschot Bankiers'
cost of risk since mid-2011, which partly reflects the weakened economic backdrop in The
-- We are therefore revising our outlook on the bank to negative from stable, and affirming
the 'A-/A-2' long- and short-term counterparty credit ratings.
-- The negative outlook primarily reflects our view that we may reassess the economic risk
in The Netherlands in the event of pronounced systemwide stress, or that we may revise our
assessment of the bank's risk position.
On Oct. 4, 2012, Standard & Poor's Ratings Services revised its outlook on Dutch private
bank F. van Lanschot Bankiers N.V. (Van Lanschot) to negative from stable. At the same time we
affirmed the 'A-/A-2' long- and short-term counterparty credit ratings.