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Pressrelease | 2013-07-22

Standard & Poor’s Puts SBAB Ratings on CreditWatch

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