Fitch Rates ING Group's Additional Tier 1 Capital Instruments 'BB(EXP)'

April 7, 2015 9:22 AM

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(The following statement was released by the rating agency) PARIS/LONDON, April 07 (Fitch) Fitch Ratings has assigned ING Group's (A/Negative) planned issue of additional Tier 1 convertible notes an expected rating of 'BB(EXP)'.

The final rating is contingent upon final documents conforming to the information already received. KEY RATING DRIVERS The notes will be CRD IV-compliant perpetual non-cumulative additional Tier 1 instruments. The notes are subject to automatic conversion if ING Group's consolidated common equity Ti...

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