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Merita Upgraded, Nordbanken Affirmed; Off S&P Watch Dec 97
Standard & Poors, December 1997
LONDON -- Standard & Poor's CreditWire 12/12/97 -- Standard & Poor's today upgraded Merita Bank Ltd.'s long-term ratings to single-'A' from triple-'B'-plus and its short-term ratings to 'A-1' from 'A-2.' The outlook for the long-term ratings is stable. At the same time, Standard & Poor's has affirmed Nordbanken AB's single-'A' long-term ratings and its 'A-1' short-term ratings. The outlook for the long-term ratings has been revised to stable. In addition, the Swedish short-term commercial paper ratings of 'K-1' for Nordbanken Hypotek AB and Industrikredit AB have been affirmed. The ratings of both banks have been removed from CreditWatch where they were placed on Oct. 13, 1997. See below for complete list of rating changes. The rating action for both Merita...
Companies mentioned in this report are: Nordea Bank Finland PLC,Nordea Bank Sweden AB,Industrikredit AB
Action: Various Rating Actions
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.
Nordea Bank Finland PLC,Nordea Bank Sweden AB,Industrikredit AB