NEW YORK - Standard & Poor's raised its rating on Kredietbank N.V.'s long-term and short-term counterparty ratings to AA-minus from A-plus and to A-1-plus from A-1, respectively.

The ratings reflect Kredietbank's position as one of the prominent financial institutions in Belgium, in addition to its solid capitalization, strong asset quality, and above-average profitability relative to its Belgian peers.

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