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'A-1' Rating Assigned to Stadshypotek's $5 billion U.S. CP Program
Standard & Poors, March 2001
Abstract
LONDON (Standard & Poor's CreditWire) March 14, 2001--Standard & Poor's today assigned its 'A-1' short-term rating to Stadshypotek Delaware Inc.'s issue of a $5 billion U.S. 4(2) commercial paper program. Stadshypotek Delaware Inc. is a wholly owned subsidiary of Stadshypotek AB (A+/Stable/A-1), in turn a wholly owned subsidiary of Svenska Handelsbanken (A+/Stable/A-1). The new program is guaranteed by Svenska Handelsbanken. Stadshypotek is the largest mortgage institution in Sweden, with total assets of Swedish krona (SKr) 332 billion ($34.3 billion, at SKr9.71 to $1) at Dec. 31, 2000. The ratings on Stadshypotek AB reflect the bank's high level of operational integration with its parent since its acquisition in 1997. The ratings are also based on the company's leading market position in...
Companies mentioned in this report are: Stadshypotek Delaware Inc.,Svenska Handelsbanken,Stadshypotek AB
Action: New Rating
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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