Moody's cuts long-term ratings on five Dutch banks

SYDNEY (MarketWatch)
Moody's Investors Service on Friday cut the long-term debt and deposit ratings for five Dutch banks, citing expected difficult operating conditions for 2012, as well as the downside risks to the economic outlook and fragile investor confidence in Europe
The long-term ratings of Rabobank Nederland, ING Bank N.V., ABN Amro Bank N.V., LeasePlan Corporation N.V. and SNS Bank N.V. were all downgraded
Moody's assigned stable outlooks to four of the firms but gave ING Bank, a unit of ING Groep
a negative outlook