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Research Update: Nordea Bank AB Mar 04 Product Image

Research Update: Nordea Bank AB Mar 04

  • Published: March 2004
  • Standard & Poors

FEATURED COMPANIES

  • Nordea Bank AB
  • Nordea Bank Sweden AB
  • MORE

Abstract
On March 1, 2004, Standard & Poor's Ratings Services withdrew its 'A+/A-1' counterparty credit ratings on Nordea Bank Sweden AB and assigned them to Nordea Bank AB, following completion of the merger between the two entities. The outlook is stable. Standard & Poor's expected such legal restructuring, and already factored into its ratings the fact that the Nordea group was managed as one institution. Completion of the legal merger means that from March 1, 2004, all assets, rights, and obligations of Nordea Bank Sweden AB have been transferred to Nordea Bank AB, the acquiring company in the merger. Issue ratings remain unchanged. To From Nordea Bank Sweden AB Counterparty credit rating N.R. A+/Stable/A-1 Nordea Bank AB Counterparty credit rating A+/Stable/A-1...

Companies mentioned in this report are:
- Nordea Bank AB
- Nordea Bank Sweden AB

Action: New Rating
Action: Outlook: Stable
Action: Withdrawn

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 READ MORE >

- Nordea Bank AB
- Nordea Bank Sweden AB

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