|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Jyske Bank Ratings Not Affected By Acquisition Of Fjordbank Mors Sep 11
Standard & Poors, Sep 2011
Abstract
STOCKHOLM (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services said today that its ratings on Denmark-based Jyske Bank A/S (A/Negative/A-1) are not affected by a decision by the bank to acquire a major part of Fjordbank Mors (not rated) from Finansiel Stabilitet A/S, Denmark's state-owned winding-up company for distressed banks. Jyske Bank will take over a portfolio of mostly small retail loans and granular deposits. The transaction will increase Jyske Bank's gross loans and advances by Danish krone (DKK) 2.7 billion (2.2%) and deposits by DKK3.7 billion (3.5%). In our view, the acquisition is risk neutral in terms of earnings and capital....
Companies mentioned in this report are: Jyske Bank A/S
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.
|
|
|
|
