Research Update: Nordea Bank And Operating Subsidiaries Affirmed At 'AA-/A-1+' On Bank Criteria Change; Outlook Stable Nov 11
- Language: English
- Published: November 2011
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
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases. SHOW LESS READ MORE >