Svenska Handelsbanken AB - Moody's Global Credit Research

Svenska Handelsbanken AB

Svenska Handelsbanken AB - Moody's Global Credit Research
Svenska Handelsbanken AB
Published Dec 16, 2015
9 pages (5130 words) — Published Dec 16, 2015
Price US$ 130.00  |  Buy this Report Now

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Brief Excerpt:

...Category Moody's Rating Outlook Stable Bank Deposits Aa2/P-1 Baseline Credit Assessment a2 Adjusted Baseline Credit Assessment a2 Counterparty Risk Assessment Aa1(cr)/P-1(cr) Issuer Rating Aa2 Senior Unsecured Aa2 Subordinate A3 Jr Subordinate MTN (P)Baa1 Pref. Stock Non-cumulative Baa2 (hyb) Commercial Paper P-1 Other Short Term (P)P-1 Stadshypotek AB Counterparty Risk Assessment Aa1(cr)/P-1(cr) Bkd Commercial Paper P-1 Svenska Handelsbanken, Inc. Bkd Commercial Paper P-1 Svenska Handelsbanken, New York Branch Outlook Stable Bank Deposits Aa2/-- Counterparty Risk Assessment Aa1(cr)/P-1(cr)...

Report Type:

Credit Opinion

Svenska Handelsbanken AB
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Svenska Handelsbanken AB (Japanese translation) - Credit Opinion – 2016/06/09 – US$ 130.00 – ... Senior Vice President Aleksandar Hristov +44.20.7772.1071 Associate Analyst Oscar Heemskerk +44.20.7772.5532 Associate Managing Director Sean Marion +44.20.7772.1056 Managing Director -Financial Institutions ...

Svenska Handelsbanken AB: Semi-annual update - Credit Opinion – 2016/04/29 – US$ 130.00 – ...We assign an a2 baseline credit assessment (BCA) and Aa2 long-term deposit and senior unsecured debt ratings to Svenska Handelsbanken AB (Handelsbanken). We also assign short-term debt and deposit ratings of Prime-1 and a long- and short-term a Counterparty Risk Assessment (CRA) of Aa1(cr)/Prime-1(cr) to the bank. Handelsbanken's a2 BCA reflects the bank's very strong credit quality, which we expect to remain as such while the bank expands its operations outside Sweden (Aaa stable), stable earnings against the backdrop of a low interest-rate environment and a solid capital position, despite growing industry-wide pressures to increase dividend payouts. However, similarly to many Nordic peers, the BCA is constrained by the bank's high reliance on market funding, which renders it more vulnerable to changes in investor sentiment and market conditions. Handelsbanken's Aa2 deposit and senior debt ratings include a two-notch uplift resulting from our advanced Loss Given Failure (LGF) analysis,...

Moody's has rated Svenska Handelsbanken's Additional Tier 1 Capital Securities at Baa3 (hyb) - New Issue – 2015/02/13 – US$ 400.00 – ...The European Union has implemented the Basel III standards through the Capital Requirements Directive IV (CRD IV) and the Capital Requirements Regulation (CRR)...

Moody's changes outlooks to negative on 82 long-term European bank ratings - Rating Action – 2014/05/29 – US$ 130.00 – Global Credit Research Rating Action 29 MAY 2014 Rating Action: Sparebanken Vest Moody's changes outlooks to negative on 82 long-term European bank ratings Affirms long-term ratings of 109 European financial institutions, upgrades...

Svenska Handelsbanken: UK Expansion Is Carefully Managed, but Increases Risks for Asset Quality - Company Profile – 2013/11/05 – US$ 250.00 – ...Handelsbanken's recent growth in the UK raises uncertainty on the quality of its UK loan portfolio, given (1) its concentration on property lending, a cyclical sector which has been challenged in recent years; (2) the low seasoning of both loan book and customer relationships; (3) its regional focus, which we expect increases exposure to a more localised, less liquid property market. In mitigation, we think that the bank has carefully managed its expansion into this market: notably Handelsbanken's corporate culture, which emphasises branch manager responsibility for credit decisions, profits as well as losses, and limits individual branch pressure to grow, alleviates related risks....

More from Moody's Global Credit Research

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Moody's Global Credit Research. "Svenska Handelsbanken AB" Dec 16, 2015. Alacra Store. Jul 25, 2016. <>
Moody's Global Credit Research. (). Svenska Handelsbanken AB Dec 16, 2015. New York, NY: Alacra Store. Retrieved Jul 25, 2016 from <>
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