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Nordic Banks' Outlook Favorable For 2005, Says Report Mar 05 Product Image

Nordic Banks' Outlook Favorable For 2005, Says Report Mar 05

  • Published: March 2005
  • Standard & Poors

FEATURED COMPANIES

  • Danske Bank A/S
  • DNB Bank ASA
  • Nordea Bank AB
  • Nykredit Realkredit A/S
  • Pohjola Bank PLC
  • Svenska Handelsbanken AB
  • MORE

Abstract
STOCKHOLM (Standard & Poor's) March 16, 2005--The ratings on the major banks in Denmark, Finland, Norway, and Sweden are expected to remain stable in 2005, says Standard & Poor's Ratings Services in a report published today entitled "Nordic Bank Results: All-Time Highs In 2004; Outlook For 2005 Favorable, But Not Entirely Risk-Free." Standard & Poor's view is supported by the excellent financial performance of the major Nordic banks in 2004. "In some cases, improved earnings are expected to translate into positive rating trends," said Standard & Poor's credit analyst Miguel Pintado. "Given the favorable outlook for 2005, we expect that any downgrade of a major Nordic bank would only be event-driven," added Standard & Poor's credit analyst Per Törnqvist. The...

Companies mentioned in this report are:
- Danske Bank A/S
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- Nordea Bank AB

Action: General Comment

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial READ MORE >

- Danske Bank A/S
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- Nordea Bank AB

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