ING : ING’s credit profile set to weather the storm owing to strong fundamentals; Recommendations raised to Buy on all debt instruments
ING’s asset quality and profitability will inevitably experience negative pressures in the coming months, but we believe its overall credit profile should remain resilient to the economic fallout of the Covid 19 crisis. ING’s strong fundamentals will endure expected severe headwinds and its credit profile should not durably nor irreversibly be impaired, so we maintain a Stable credit opinion. Our (arguably bullish) view also intends to suggest that ING is one of the strongest and...ING Groep is a global financial institution based in the Netherlands. Co. is engaged in offering a wide range of retail and wholesale banking services to customers in over 40 countries across Europe, the Americas, Asia and Australia. In addition to the basic banking services of lending, payments and cash management and treasury, Co. provides tailored banking solutions in areas including corporate finance, commercial finance (factoring), equity markets and debt capital markets to help clients achieve their business goals. Co.'s operations are organized along five segments: Retail Netherlands; RetailBelgium: Retail Germany: Retail Other; and Wholesale Banking.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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