High likelihood of government support Excellent loan asset quality Satisfactory capitalization Concentration on large individual exposures Low profitability The ratings on state-owned Swedish Export Credit Corp. reflect Standard & Poor's Ratings Services' opinion that there is a high likelihood of support for the company from the Kingdom of Sweden (AAA/Stable/A-1+). The ratings are also supported by the company's excellent loan asset quality and satisfactory capitalization. Rating constraints are the limited scope of Swedish Export Credit Corp.'s core business franchise and public-policy role, which has led to the company diversifying into other, less export-related businesses. With total assets of Swedish krona (SEK) 288 billion (€30.6 billion at SEK9.41 to €1) at March 31, 2008, Swedish Export Credit Corp. is a specialized...
Companies mentioned in this report are:
- Swedish Export Credit Corp.
- Sweden (Kingdom of)
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Research Type: Full Analysis