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Danske Bank A/S Outlook Negative On Increased Asset Quality Concerns; 'AA-' Ratings Affirmed Oct 08 Product Image

Danske Bank A/S Outlook Negative On Increased Asset Quality Concerns; 'AA-' Ratings Affirmed Oct 08

  • Published: October 2008
  • Standard & Poors

Abstract
STOCKHOLM (Standard & Poor's) Oct. 22, 2008-- Standard & Poor's Ratings Services said today that it had revised its outlook on Denmark-based Danske Bank A/S to negative from stable. At the same time, the 'AA-' long-term and 'A-1+' short-term counterparty credit ratings were affirmed. At the same time, the outlook on Danske Bank's wholly-owned core subsidiary in Finland, Sampo Bank PLC, was revised to negative from stable and the 'AA-' long-term and 'A-1+' short-term counterparty credit ratings were affirmed. "The outlook revision reflects our expectation that the bank's asset quality will be affected by the slowdown in the Danish economy as well as a continued fall in real estate prices," said Standard & Poor's credit analyst Miguel Pintado. "It also...

Companies mentioned in this report are:
- Danske Bank A/S

Action: Outlook: Negative

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- Danske Bank A/S

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