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'A+/A-1' Ratings on Svenska Handelsbanken Affirmed Following Acquisition Announcement
Standard & Poors, April 2001
Abstract
LONDON (Standard & Poor's CreditWire) April 11, 2001--Standard & Poor's today affirmed all its ratings including its single-'A'-plus long-term and 'A-1' short-term counterparty credit ratings on Svenska Handelsbanken and related entities. The outlook is stable. A complete list of ratings is available on RatingsDirect, Standard & Poor's Web-based credit analysis system, or by calling the Standard & Poor's Ratings Desk on: London (44) 20-7826-3540. The affirmation follows today's announcement that Handelsbanken is to acquire Midtbank A/S (not rated), a small Danish commercial bank. The acquisition fits well with Handelsbanken's strategy to develop and grow the bank's Nordic universal banking activities in its home markets of Sweden, Norway, Finland, and Denmark. Although Handelsbanken's Tier 1 regulatory capital ratio would fall by...
Companies mentioned in this report are: Svenska Handelsbanken
Action: Affirmed
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.
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