S&P has placed its ‘A/A-1’ ratings on SBAB Bank AB (“SBAB”) on CreditWatch Negative.
On 19 July 2013, Standard & Poor’s placed its SBAB ’A-A1’ ratings on CreditWatch Negative. The rating action follows S&P’s global study on refinancing risks for banks, where the Scandinavian financial sector is considered an outlier for its higher loan-to-deposit ratios and a greater reliance on external funding.
SBAB will engage in discussions with S&P within the next few months with a view to resolve the CreditWatch.
For further information, please contact:
Per Tunestam, Treasurer
Mobile: +46 708 744 841, per.tunestam@sbab.se