ING Bank NV'S Cov­ered Bond safe

The Pak Banker - - COMPANIES/BOSS -

Global rat­ing agency Moody's to­day an­nounced that the changes and amend­ments to the trans­ac­tion doc­u­ments of the ING Bank N.V. Cov­ered Bond Pro­gramme in con­junc­tion with the pro­gramme up­date, will not, in and of them­selves and at this time, re­sult in a re­duc­tion or with­drawal of the cur­rent Aaa rat­ings of the notes is­sued by the Is­suer ( the "Notes").

The amend­ments in­clude, but are not lim­ited to, the fol­low­ing changes: changes in re­la­tion to the Prospec­tus Di­rec­tive, in­crease of pro­gramme amount and ad­just­ments to com­ply with SIX Swiss re­quire­ments to is­sue in Switzer­land.

Moody's does not ex­press an opin­ion as to whether amend­ment could have other, non credit-re­lated ef­fects.

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