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Provider: Reuters Investment Profile
Provider: Wright Reports
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Provider: Thomson Reuters StreetEvents

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Standard & Poor’s Changes Danske Bank A/S' Rating Outlook from Positive to Stable; Rating Maintained

Friday, 19 Jul 2013 02:38pm EDT 

Danske Bank A/S announced that Standard & Poor’s (S&P) has revised its ratings of a number of Nordic financial groups. In this connection, Danske Bank’s rating outlook has been changed from positive to stable. The Bank’s rating remains unchanged at A-/A-2. The change in outlook is the result of a global analysis prepared by Standard & Poor’s, focusing on bank liquidity and funding risks. Standard & Poor’s concludes that there is an increased funding risk in Denmark attributable to the Danish mortgage credit system, including the short-term mortgage credit loans. 

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