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BULLETIN: Danske Bank A/S to Buy Back Shares Aug 03
Standard & Poors, Aug 2003
Abstract
LONDON (Standard & Poor's) Aug. 21, 2003--Standard & Poor's Ratings Services said today that the announcement by Danske Bank A/S (AA-/Stable/A-1+) of a share buyback of a maximum amount of Danish krone (Dkr) 3 billion (-404 million) in the second half of 2003 will have no impact on the ratings or outlook on the group at this time. Danske Bank intends to buy back a maximum of Dkr2 billion of shares in the third quarter of 2003, and a maximum of Dkr1 billion of shares in the fourth quarter of 2003. These proposals are unlikely to have a material weakening impact on the group's core capitalization measures based on expected retained earnings and level of risk-weighted assets. Standard & Poor's...
Companies mentioned in this report are: Danske Bank A/S
Action: S&P Event
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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