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Bulletin: Issues Guaranteed By The Swedish State Will Be Rated 'AAA/A-1+' Nov 08
Standard & Poors, Nov 2008
Abstract
STOCKHOLM (Standard & Poor's) Nov. 18, 2008--Standard & Poor's Ratings Services said today that it had assessed the Kingdom of Sweden's (AAA/Stable/A-1+) guarantee scheme, effective as of Oct. 30, 2008, particularly the strength of the deed of guarantee. Standard & Poor's assesses that the Swedish guarantee qualifies for rating substitution treatment since the guarantee is irrevocable, unconditional, and timely. Issues that are backed by this guarantee will be equalized with the 'AAA/A-1+' ratings on the Kingdom of Sweden. The Swedish guarantee program allows for maturities from 90 days to 3 years for senior unsecured debt and from 90 days to 5 years for secured debt. The guarantee terminates at midnight on June 30, 2012 for unsecured obligations and on June...
Companies mentioned in this report are: Kingdom of Sweden,Swedbank AB
Action: Bulletin
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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