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TEXT-S&P corrects rtg on ABN AMRO EUR40 mil MTNs due 2017 to 'A+'

(The following statement was released by the rating agency)

Oct 02 - Standard & Poor's Ratings Services said today that it had lowered its issue rating to 'A+' from 'AA-' on the EUR40 million floating rate medium-term notes, due Feb. 16, 2017 (ISIN XS0485718836), issued in February 2010 by Fortis Bank (Nederland) N.V .

Due to an error the notes were identified in our database as obligations of Fortis Bank S.A./N.V. (AA-/Negative/A-1+) although they were in fact initially issued by Fortis Bank (Nederland) N.V., who subsequently merged later in 2010 with ABN AMRO Bank N.V. (A+/Negative/A-1).

RELATED CRITERIA AND RESEARCH Banks: Rating Methodology And Assumptions, Nov. 9, 2011 RATINGS LIST Downgrade To From ABN AMRO Bank N.V. Senior Unsecured A+ AA- ((Bangalore Ratings Team, Hotline: +91 80 4135 5898, Bhanu.priya@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Bhanu.Priya.reuters.com@reuters.net))