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

Standard & Poors, March 2005

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 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.

- 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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