25-7-2013 — /EuropaWire/ — 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.
“We have noted S&P’s new analysis,” says Chief Financial Officer Henrik Ramlau-Hansen. “Danske Bank has for some time been taking steps to change the funding structure relating to short-term mortgage credit loans, and on the basis of S&P’s change of our outlook, we will consider whether further measures are needed.”
Danske Bank A/S
Contacts:
Henrik Ramlau-Hansen, Chief Financial Officer, tel. +45 45 14 06 66
Kenni Leth, Group Press Officer, tel. +45 45 14 56 83 / +45 51 71 43 68
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and…
(IN BRIEF) Bentley Motors introduced its new Compact Full Spectrum Driving Simulator, set to be…
(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core…
(IN BRIEF) GTT and PipeChina Engineering Technology Innovation Co. Ltd (PipeChina Innovation) have signed a…
(IN BRIEF) Alfa Laval is part of the consortium Molten Salt Storage (MOSS), funded by…
(IN BRIEF) Rheinmetall has secured significant new orders for its plug-and-play heat pump solution, signaling…