Sampo Bank Ratings Raised To 'AA-' On Approval Of Danske Bank Acquisition Feb 07
- ID: 2024157
- February 2007
- Standard & Poors
STOCKHOLM (Standard & Poor's) Feb. 7, 2007--Standard & Poor's Ratings Services said today that it had raised its long-term counterparty credit rating on Finland-based Sampo Bank PLC (Sampo Bank) to 'AA-' from 'A' and its short-term counterparty credit rating to 'A-1+' from 'A-1'. The ratings were removed from CreditWatch, where they were placed with positive implications on Nov. 9, 2006. The rating action follows regulatory approval of the acquisition of Sampo Bank by Denmark-based Danske Bank A/S (Danske Bank, AA-/Stable/A-1+). The rating action reflects Standard & Poor's view that Sampo Bank is a core subsidiary of Danske Bank. As such, the ratings on Sampo Bank are equalized with the ratings of its parent and the outlook aligned with that on...
Companies mentioned in this report are:
- Danske Bank PLC
- Danske Bank A/S
Action: Removed From CreditWatch
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Research type: News
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