On November 29, 2013, Standard & Poor’s (S&P) lowered the long term credit rating on the State of the Netherlands to AA+ with stable outlook. Consequently, the rating on BNG Bank has been equally changed to AA+ with stable outlook. In addition to S&P’s AA+ rating, BNG Bank is rated Aaa by Moody’s and AAA by Fitch, confirming BNG Bank’s position as one of the world's highest rated banks.