TEXT-Fitch affirms SNS Reaal, SNS Bank at 'BBB+'
March 08, 2012 at 10:00 AM EST
March 8 - Fitch Ratings has affirmed SNS REAAL's Long- and Short-term IDRs at 'BBB+' and 'F2', respectively, and assigned it a Support Rating of '2' and Support Rating Floor of 'BBB+'. Fitch has also affirmed SNS Bank's Long- and Short-term IDRs at 'BBB+' and 'F2', respectively, and downgraded its Viability Rating (VR) to 'bbb-' from 'bbb+'. The Outlook on both SNS Bank and SNS REAAL's Long-term IDRs is Stable. The agency has also affirmed SNS REAAL's operating insurance subsidiaries, SRLEV a