S&P acts on Belgian, Dutch banks

S&P said it took rating actions on a number of Belgian and Dutch banks, citing the effects of the coronavirus on their businesses.

S&P affirmed KBC Group NV’s A+ rating with a stable outlook.

S&P affirmed Cooperatieve Rabobank UA’s A+ rating, but revised the outlook to negative from stable.

The agency revised the outlook on ING Groep NV to negative from stable and affirmed its ratings.

S&P affirmed LeasePlan Corp. NV’s BBB- ratings and stable outlook.

Finally, S&P revised the outlook for NIBC Bank NV to negative from stable.

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