Nordea’s AA- rating affirmed

30-11-11 9:00 | Press release

On Tuesday the rating agency Standard & Poor's affirmed Nordea's AA- rating with a stable outlook, stating that the bank has a strong business position with adequate capital and earnings.

- This reaffirms our strong financial position and is an indication that our relationship banking strategy is working, says CFO Fredrik Rystedt.

Few banks in Europe have as high a rating as Nordea, and it reflects that Nordea's repayment ability is perceived to be very good. Standard & Poor's also states that the funding and liquidity profile is seen as adequate and that Nordea is less vulnerable to market turbulence than other banks due to its well-diversified business model.

- This is yet another proof of the financial markets' strong confidence in Nordea and underpins our efforts to become one of Europe's leading banks with focus on strong customer relations. In its research Standard & Poor's emphasises that Nordea is expected to progress steadily with adequate capital and a resilient risk profile, says Fredrik Rystedt.

For further information:
Rodney Alfvén, Head of Investor Relations, +46 8 614 78 80
Erik Durhan, Press Officer, Sweden, +46 8 534 914 36