SNS Bank N.V. -- Moody's downgrades SNS REAAL entities and debt ratings

London, 31 January 2013 -- Moody's Investors Service has today downgraded SNS Bank's Bank Financial Strength Rating (BFSR) to E from E+, now equivalent to a baseline credit assessment of ca (b3 previously). Concurrently, Moody's has also downgraded to Baa3/Prime-3, from Baa2/Prime-2, and maintained on review for further downgrade, SNS Bank's senior unsecured and deposit ratings. SNS Bank's dated subordinated debt rating was downgraded to Caa3 (from Caa1) on review with direction uncertain and SNS Bank'sEUR200 million Tier 1 security was downgraded to Ca(hyb) from Caa3(hyb). SNS Bank'sEUR320 million Tier 1 security was confirmed at Ca(hyb).

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