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Debt Ratings on Venantius AB Raised to 'AAA' Following Kingdom of Sweden Upgrade Feb 04 Product Image

Debt Ratings on Venantius AB Raised to 'AAA' Following Kingdom of Sweden Upgrade Feb 04

  • ID: 1817489
  • February 2004
  • Region: Sweden
  • Standard & Poors

FEATURED COMPANIES

  • Sweden (Kingdom of)
  • Venantius AB
  • MORE

Abstract
STOCKHOLM (Standard & Poor's) Feb. 16, 2004--Following today's upgrade of the Kingdom of Sweden's long-term foreign-currency rating to 'AAA', Standard & Poor's Ratings Services said it raised its foreign-currency rating on the long-term and medium-term senior unsecured notes of Venantius AB to 'AAA' from 'AA+'. At the same time, Standard & Poor's affirmed its local-currency 'AAA' senior unsecured medium-term note rating and 'A-1+' commercial paper rating on Venantius. (For further information on the Kingdom of Sweden upgrade, see today's media entitled Kingdom of Sweden Long-Term Foreign Currency Ratings Raised to 'AAA'; Outlook Stable, published on RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com). At Sept. 30, 2003, Venantius had assets of Swedish krona (Skr) 17.3 billion ($2.43 billion...

Companies mentioned in this report are:
- Venantius AB
- Sweden (Kingdom of)

Action: Upgraded

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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