Moody’s has placed on review for downgrade SBAB Bank’s A2 long-term issuer and senior unsecured ratings, P-1 short-term rating, A3 subordinate rating, (P)Baa2 junior subordinate rating, and Ba1(hyb) preferred stock rating.
The rating review reflects Moody’s view that the bank’s standalone credit strength faces challenges, particularly with regards to profitability, the success of recently-offered new products and a capital position sensitive to relatively small changes in asset quality.
SBAB will engage in discussions with Moody’s within the next few months with a view to resolve the review.
For further information, please contact:
Per Tunestam, Treasurer +46 708 744 841, firstname.lastname@example.org