Rabobank : Better safe than sorry; Recommendation raised to ‘Buy’ on Senior Preferred and AT1, ‘Neutral’ Senior Non-Preferred and Tier 2

Proverbial wisdom could entice investors to look at Rabobank’s debt instruments as the bank has been successfully implementing its 2016-2020 Strategic Framework supported by tailwinds from the solid performance of the Dutch economy since 2015, and further strengthened its financial profile. It is one of the most highly rated European banks, and a modest risk appetite is central to its strategy. Capital position is strong and expected to remain so, with high capital ratios targete...