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Provider: Reuters Investment Profile
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Fitch Ratings Affirms Ratings on Skandinaviska Enskilda Banken AB at A+


Wednesday, 20 Nov 2013 08:09am EST 

Fitch Ratings announced that it has affirmed Skandinaviska Enskilda Banken AB's (SEB) Long-term Issuer Default Rating (IDR) at 'A+', Viability Rating (VR) at 'a+' and Short-term IDR at 'F1'. The ratings are driven by SEB's domestic franchise, particularly in corporate and merchant banking, its solid capitalisation, its sound asset quality and revenue generation. They also reflect its structural reliance on wholesale funding, although the group has retained good access to debt capital markets. 

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