|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Pohjola Bank Ratings Not Affected By Cooperative Stake Purchase
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
STOCKHOLM (Standard & Poor's) May 6, 2011--Standard & Poor's Ratings Services said today that its ratings on Pohjola Bank PLC (AA-/Stable/A-1+) are not affected by a decision by the OP-Pohjola Group Central Cooperative to buy all shares in the bank held by Suomi Mutual Life Assurance Co. The transaction, which involves about 7% of the total outstanding shares in Pohjola Bank PLC, will lead to a small reduction in the OP-Pohjola Group's capital base and will not affect our assessment of the group's capital position as 'strong'. The reduction is equivalent to 4% of the OP-Pohjola Group's total capital base (as adjusted by Standard & Poor's) at end-2010. We estimate that after the transaction the group's risk-adjusted capital ratio will...
Companies mentioned in this report are: Pohjola Bank PLC
Action: Bulletin
|
|
|
|
