Rating agency Standard & Poor’s has upgraded the credit rating of The Netherlands to a AAA-rating. This is two years after the country lost the highest credit rating. The rating agency stated that the economic recovery and future growth predictions are stronger than expected before. It is unprecedented that a euro country has regained its AAA-rating from S&P.
ABN Amro had a successful first trading day last Friday. The shares were put on the market for €17.75 and noted €18.13 after five minutes of trading. The share price closed 3.4% higher at €18.35 what result in a valuation of €16.7 billion for the company.
Since the fall of the oil price last year more than 250,000 jobs are lost, according to Bloomberg. Since 2014, the oil price has more than halved and it has forced gas and oil companies worldwide into painful measures. Only this year, more than 1000 rigs were shut down and over $100 billion of cost reductions have taken place.
The 6M Euribor remained unchanged at -0.02%. The 10Y Swap remained unchanged at 0.85%.
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