ING Direct 2008 Annual Report Download - page 237

Main credit ratings of ING at 16/02/2009 (1)
Standard & Poor’s Moody’s Fitch
ING Group AA- A1 A+
ING Insurance
– short term A-1+ P-1
– long term AA- A2 A+
ING Bank
– short term A-1+ P-1 F1+
– long term AA Aa3 AA-
– financial strength C+
(1) The Standard & Poor’s and Fitch ratings have a negative outlook. The Moody’s Bank financial strength rating has a negative outlook. The other Moody’s ratings
have a stable outlook. The Fitch rating for ING Bank has a stabe outlook, those for ING Insurance and ING Group have a negative outlook.
ING’s long-term credit ratings are shown in the table above. Each of these ratings reflects only the view of the applicable rating agency
at the time the rating was issued, and any explanation of the significance of a rating may be obtained only from the rating agency.
A security rating is not a recommendation to buy, sell or hold securities and each rating should be evaluated independently of any other
rating. There is no assurance that any credit rating will remain in effect for any given period of time or that a rating will not be lowered,
suspended or withdrawn entirely by the rating agency if, in the rating agency’s judgment, circumstances so warrant. ING accepts no
responsibility for the accuracy or reliability of the ratings.
235
ING Group Annual Report 2008