Fitch affirms Aegon Bank

Fitch Ratings said it affirmed Aegon Bank NV's long-term issuer default rating at A-.

The outlook is stable.

Fitch said the issuer default ratings and support rating are based on its view of an extremely high probability that the bank would receive support, in case of need, from Aegon NV (long-term issuer default rating: A-/stable), a large international insurance group.

The agency’s view on support is primarily driven by Aegon Bank's role within the group, complementing its insurance activities in the Netherlands, which is one of Aegon's core markets.

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