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BICRA On Norway Maintained At Group '2' Nov 11
Standard & Poors, Nov 2011
Abstract
OVERVIEW We are reviewing our Banking Industry Country Risk Assessments after having published our updated methodology. We are maintaining our BICRA on Norway at group '2'. We are also maintaining our economic risk score at '2', and assigning an industry risk score of '3'. BICRA ACTION On Nov. 9, 2011, Standard & Poor's Ratings Services said that it is maintaining its Banking Industry Country Risk Assessment (BICRA) on Norway at group '2'. It is also maintaining the economic risk score at '2'. In addition, it has assigned an industry risk score of '3'. RATIONALE We have reviewed the banking sector of the Kingdom of Norway (AAA/Stable/A-1+) under our updated BICRA methodology. Our criteria define the BICRA framework as one 'designed...
Companies mentioned in this report are: Norges Kommunalbank,Norway (Kingdom of),Nordea Bank Norge ASA,Eksportfinans ASA,DNB Bank ASA,Den norske Bank ASA,Norges Bank,KBN Kommunalbanken Norway,Storebrand Bank ASA
Action: General Comment
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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