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Rating

Rating

Rating
  Moody's Investors Service Standard & Poor's Fitch DBRS
  Short Long Short Long Short Long Short Long
Nordea Bank AB (publ) P-1 Aa2** A-1+ AA- F1+ AA- R-1 (high) AA
Nordea Bank Danmark P-1 Aa3** A-1+ AA- F1+ AA- R-1 (high) AA
Nordea Bank Finland P-1 Aa2** A-1+ AA- F1+ AA- R-1 (high) AA
Nordea Bank Norge P-1 Aa2** A-1+ AA- F1+ AA- R-1 (high) AA
Nordea Hypotek   Aaa *   AAA *        
Nordea Kredit   Aaa *   AAA *        
Nordea Eiendomskreditt AS   Aaa *            
Nordea Bank Finland   Aaa *            

*) Covered bond rating.

**) Moody's long-term ratings placed on review for possible downgrade, as of February 16th 2012. Moody's current expectation is that any potential downgrade may be up to one notch. (Note: this does not concern covered bond ratings).


Rating scales

Rating scales
Moody's Investors Service Standard & Poor's Fitch DBRS
Short Long Short Long Short Long Short Long
P-1 Aaa A-1+ AAA F1+ AAA R-1 (high) AAA
P-2 Aa1 A-1 AA+ F1 AA+ R-1 AA (high)
P-3 Aa2 A-2 AA F2 AA R-1 (low) AA
No prime Aa3 A-3 AA- F3 AA- R-2 (high) AA (low)
  A1 B A+ B A+ R-2 A (high)
  A2 C A C A R-2 (low) A
  A3 D A- D A- R-3 A (low)
  Baa1   BBB+   BBB+ R-4 BBB (high)
  Baa2   BBB   BBB R-5 BBB
  Baa3   BBB-   BBB- D BBB (low)
  ...   ...   ...   ...