Fitch revised the outlook of FMO’s Long-term foreign and local currency Issuer Default Ratings (IDR) to stable from negative and affirmed the AAA rating on FMO yesterday. The rating actions follow the revision of the outlook on the Netherlands’ Issuer Default Rating (IDR) dated 11 July 2014.
In addition to Fitch, FMO is rated by S&P. S&P’s rating is AA+ with a stable outlook. This confirms FMO’s position as one of the world’s highest rated banks.
About FMO
FMO (the Netherlands Development Finance Company) is the Dutch development bank. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 6.6 billion, FMO is one of the largest European bilateral private sector development banks. www.fmo.nl
Press contact:
Paul Hartogsveld Senior Communications Officer (PR)
T: +31 70 314 9928
M: +31 6 11589127
