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Article: MOODY'S CONCLUDES REVIEW OF NINE DANISH FINANCIAL INSTITUTIONS
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- September 9, 2009
CopyrightCopyright 2009 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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Moody's Investors Service today downgraded the long-term ratings
of five Danish banks: Jyske Bank A/S (by two notches), Amagerbanken
A/S, Nykredit Bank A/S, Spar Nord Bank A/S and Sydbank A/S (all by
one notch). The long-term ratings of FIH Erhvervsbank A/S were
confirmed with a stable outlook and the long-termrating of
Ringkj?bing Landbobank A/S was confirmed with a negative outlook. In
addition, the bank financial strength ratings (BFSRs) of five Danish
banks were downgraded: FIH Erhvervsbank and Nykredit Bank by two
notches and Amagerbanken, Jyske Bank and Spar Nord Bank by one
notch. Moody's will comment on its rating actions on Nordea Bank
Danmark A/S in a separate press release ...