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Home > Investor Relations > Debt & rating > Rating > Previous rating actions

Previous rating actions

Please note that their were no actions taken during 2010, 2008, 2006, 2002.

2011

Rating actions
Date	Title
19.05.2011\|	Following a change of view from Moody's upon the Danish banking sector, a number of the largest Danish banks were downgraded. Nordea Bank Danmark's long-term rating was changed one notch from Aa2 to Aa3.

2009

Rating actions
Date	Title
09.09.2009 \|	Together with a number of Nordic banks, Nordea was downgraded when Moody’s conducted a calibration of ratings for the whole sector. The long-term rating was lowered from Aa1 to Aa2 for Nordea Bank AB, Nordea Bank Finland plc, Nordea Bank Norge ASA and Nordea Bank Danmark A/S.

2007

Rating actions
Date	Title
10.04.2007 \|	Moody’s Investors Service lowered the long-term local currency debt and deposit rating for Nordea Bank AB, Nordea Bank Finland plc, Nordea Bank Norge ASA and Nordea Bank Danmark A/S from Aaa to Aa1. A total of 44 banks were downgraded following Moody’s refinement of its bank rating methodology which incorporates joint default analysis (JDA). The refined methodology, released on March 30th, reduces the level of external support incorporated into bank deposits and debt ratings in order to give greater weight to the intrinsic financial strength of the financial institution.
26.02.2007 \|	As part of the planned application of its joint default analysis (JDA) methodology and its updated bank financial strength rating (BFSR) methodology, Moody's Investors Service upgraded Nordea Bank AB, Nordea Bank Finland plc, Nordea Bank Norge ASA and Nordea Bank Danmark A/S long-term ratings to Aaa from Aa3.

2005

Rating actions
Date	Title
29.11.2005 \|	Standard & Poor’s raised its counterparty credit ratings on Nordea Bank AB, Nordea Bank Finland, Nordea Bank Danmark and Nordea Bank Norge to AA-/A-1+ from A+/A-1 and Nordea Hypotek to A-1+ from A-1.
01.02.2005 \|	Moody’s placed under review for possible upgrade the B Financial Strength Rating of Nordea Bank Danmark.

2004

Rating actions
Date	Title
09.11.2004 \|	Standard & Poor’s changed its outlook to positive from stable on Nordea Bank AB and its related entities Nordea Bank Finland, Nordea Bank Norge and Nordea Bank Danmark.
19.10.2004 \|	Standard & Poor’s assigned its AAA long-term credit rating to the Danish covered bonds (“Realkreditobligationer”) issued by Nordea Kredit.
02.03.2004 \|	Fitch assigned ratings to Nordea Bank AB and withdrew Nordea Bank Sweden’s ratings.
01.03.2004 \|	Moody’s and Standard & Poor’s assigned ratings to Nordea Bank AB and withdrew the ratings on Nordea Bank Sweden.

2003

Rating actions
Date	Title
01.08.2003 \|	Moody’s upgraded to Aaa from Aa1 the ratings of the mortgage bonds issued by Nordea Kredit.

2001

Rating actions
Date	Title
16.08.2001 \|	Fitch upgraded to AA-/F1+ from A+/F1 the long-term and short-term ratings of the banking subsidiaries of Nordea AB. The individual rating of Unibank was upgraded to B from B/C .
06.07.2001 \|	Moody’s upgraded to Aa3 from A1 the long-term ratings of Christiania Bank and confirmed its bank financial strength rating at B- with a positive outlook.
06.07.2001 \|	Moody’s upgraded to A1 from A2 the long-term rating of Norgeskreditt.
14.06.2001 \|	Standard & Poor’s assigned its A+ long-term rating on Christiania Bank and affirmed its A-1 short-term rating.
10.04.2001 \|	Moody’s adjusted financial strength rating of Christiania Bank to B-.
21.03.2001 \|	Moody’s upgraded to Aa1 from Aa2 the rating of Unikredit.
10.01.2001 \|	Moody’s upgraded to A1/C+ from A2/C the long-term and financial strength ratings of Christiania Bank and changed the outlook for the long-term ratings to positive from stable.
10.01.2001 \|	Moody’s changed to positive from negative the outlook for Norgeskreditt’s A2 long-term rating.

2000

Rating actions
Date	Title
17.10.2000 \|	Moody’s placed under review for possible upgrade the A2 long-term and C financial strength ratings of Christiania Bank.
17.10.2000 \|	Moody’s placed under review for possible upgrade the A2 long-term rating of Norgeskreditt.
17.10.2000 \|	All the rating institutions affirmed the ratings of operating banks of Nordic Baltic Holding Group.
12.09.2000 \|	Standard & Poor’s assigned its A+ long-term rating to Unibank and raised its long-term ratings on Merita Bank and Nordbanken to A+ from A.
18.08.2000 \|	Fitch raised the individual rating of Merita Bank to B from C.
05.06.2000 \|	Moody’s upgraded to Aa3/B the long-term and financial strength ratings of Merita Bank, Nordbanken and Unibank.
05.06.2000 \|	Moody’s upgraded to Aa2 from Aa3 the long-term rating of Unikredit.