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
- OP Corporate Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- Nordea Bank AB
Action: General Comment
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