Research Update: Danske Bank A/S And Operating Subsidiaries 'A/A-1' Ratings Affirmed On Bank Criteria Change; Outlook Negative Dec 11
- Language: English
- Published: December 2011
On Nov. 9, 2006, Standard & Poor's Ratings Services affirmed its 'AA-/A-1+' counterparty credit ratings on Denmark-based Danske Bank A/S. The outlook is stable. The affirmation follows Danske Bank's announced acquisition of Finland-based Sampo Bank PLC (A/Watch Pos/A-1). The ratings reflect Standard & Poor's favorable opinion of the acquisition when considering the combined entities' prospective strategic position in the Nordic banking market, business profile, and improved diversification and operating performance. The transaction will make Danske Bank the third-largest bank in Finland in terms of size, and the first or second largest in some segments such as asset management and mutual funds. As a result, the bank will not only remain the market leader in its domestic market, but will also...
Companies mentioned in this report are:
- Danske Bank A/S
- Danske Bank PLC
Action: Outlook: Stable
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Product Type: Research Update
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