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Swedish Export Credit Corp. Jun 10 Product Image

Swedish Export Credit Corp. Jun 10

  • Published: June 2010
  • Region: Sweden
  • Standard & Poors

Abstract
Extremely high likelihood of government support. Very good loan asset quality. Robust capitalization. Concentration on large individual exposures. Low profitability. Entirely wholesale funded. The ratings on state-owned Swedish Export Credit Corp. reflect our opinion that there is an extremely high likelihood of extraordinary support for the company from the Kingdom of Sweden (AAA/Stable/A-1+). They are also underpinned by the company's very good loan asset quality and robust capitalization. Factors constraining the ratings include the company's significant large exposure risk, low profitability, and high dependence on wholesale funding. With total assets of Swedish krona (SEK) 371 billion (€39 billion at SEK9.58 to €1) on March 31, 2010, Swedish Export Credit Corp. is a specialized provider of long-term financial solutions. Credit is...

Companies mentioned in this report are:
- Swedish Export Credit Corp.

Action: Review

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- Swedish Export Credit Corp.

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