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Fitch Ratings Affirms Ratings on Nordea Bank AB-DJ


Thursday, 4 Apr 2013 09:34am EDT 

Dow Jones reported that Fitch Ratings has affirmed Nordea Bank AB's (Nordea) Long-Term Issuer Default Rating (IDR) at 'AA-' and Viability Rating (VR) at 'aa-'. The Outlook on the Long-term IDR is Stable. Fitch has also affirmed the Short-Term IDR at 'F1+'. In Fitch's view the affirmation of Nordea's Long-term IDR and VR reflects the Company's strong Nordic franchise, solid revenue-generating capacity, sound capital and good asset quality. These in the rating agency’s opinion outweigh the negative considerations with respect to Nordea's reliance on wholesale funding - albeit diversified and with a lengthening maturity profile. 

Company Quote

94.75
-0.1 -0.11%
8:25am EDT