UK Markets open in 5 hrs 16 mins
  • NIKKEI 225

    26,658.42
    +13.71 (+0.05%)
     
  • HANG SENG

    26,840.99
    -53.69 (-0.20%)
     
  • CRUDE OIL

    45.06
    -0.47 (-1.03%)
     
  • GOLD FUTURES

    1,780.70
    -7.40 (-0.41%)
     
  • DOW

    29,910.37
    +37.87 (+0.13%)
     
  • BTC-GBP

    13,852.29
    +86.50 (+0.63%)
     
  • CMC Crypto 200

    364.06
    +26.56 (+7.87%)
     
  • Nasdaq

    12,205.85
    +111.45 (+0.92%)
     
  • ^FTAS

    3,593.68
    +4.64 (+0.13%)
     

Bank Norwegian AS: Bank Norwegian outlook revised from “Negative” to “Stable” on earnings resilience in downturn, 'BBB/A-2' ratings affirmed

Bank Norwegian AS
·1-min read

S&P Global Ratings has today published an update on the rating of Bank Norwegian. S&P Global Ratings revises the outlook from “Negative” to "Stable", while affirming the long-term rating of "BBB" and a short-term rating of "A-2".

S&P Global Ratings highlights that “Bank Norwegian's earnings performance in the first nine months of 2020 demonstrate resilience amid COVID-19 fallout, and its capital and provisions are strong enough to absorb losses even in a more adverse scenario. The stable outlook reflects our view the bank will defend its high risk-adjusted profitability and maintain strong capital buffers through 2022.”

See attached research update from S&P Global Ratings.


Contact persons:

CFO Klara Lise Aasen; phone +47 47635583; kaa@banknorwegian.no

Head of Treasury Mats Benserud; phone +47 95891539; mbe@banknorwegian.no


This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachment