Arbejdernes Landsbank A/S: Update following assignment of (P)Baa1 junior senior unsecured ratings to MTN programme - Moody's Global Credit Research

Arbejdernes Landsbank A/S: Update following assignment of (P)Baa1 junior senior unsecured ratings to MTN programme

Arbejdernes Landsbank A/S: Update following assignment of (P)Baa1 junior senior unsecured ratings to MTN programme - Moody's Global Credit Research
Arbejdernes Landsbank A/S: Update following assignment of (P)Baa1 junior senior unsecured ratings to MTN programme
Published Jul 01, 2022
10 pages (5492 words) — Published Jul 01, 2022
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Brief Excerpt:

...On June 27, Moody's assigned (P)Baa1 junior senior unsecured ratings to Arbejdernes Landsbank A/S (AL Bank) new MTN programme. The assignment follows the action on May 31, when Moody's assigned deposit ratings of A2/P-1 to AL Bank and a Baseline Credit Assessment (BCA) and Adjusted BCA of baa2. The outlook on the long-term deposit ratings is stable. The deposit ratings reflect AL Bank's baa2 BCA, which captures the bank's very strong capitalization, along with a stable deposit base and high liquidity buffers, balanced against elevated asset risks, stemming primarily from the majority stake in Vestjysk Bank A/S (Vestjysk Bank), and volatile profitability. The ratings also reflect the strong loss protection given failure, because of significant amounts of loss-absorbing liabilities, as per our Advanced Loss Given Failure (LGF) analysis. The junior senior unsecured ratings reflect the BCA and one positive adjustment due to LGF....

  
Report Type:

Credit Opinion

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Arbejdernes Landsbank A/S
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Arbejdernes Landsbank A/S: Update to credit analysis following affirmation - Credit Opinion – 2024/05/16 – US$ 250.00 – ...The A2 deposit ratings and and (P)A2 senior unsecured MTN program ratings assigned to Arbejdernes Landsbank A/S (AL Bank) incorporate the bank's Adjusted Baseline Credit Assessment (Adjusted BCA) of baa2, and Moody's forward-looking view of the bank's bail- inable debt issuance, which indicates an extremely low loss given failure as per Moody's Advanced Loss Given Failure (LGF) analysis. The Baa1 junior senior unsecured ratings reflect the BCA and one positive adjustment in accordance with LGF. The outlook on the long-term deposit ratings is stable. AL Bank's baa2 BCA captures the bank's very strong capitalization, along with a stable deposit base, improving profitability and high liquidity buffers, balanced against elevated asset risks, stemming primarily from the majority stake in Vestjysk Bank A/S (Vestjysk Bank). The complexity in risk management and organisational control are captured in a negative qualitative adjustment....

Moody's Ratings affirms Arbejdernes Landsbank's A2 long-term deposit ratings, outlook remains stable - Rating Action – 2024/04/26 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Moody's assigns an A2 senior unsecured debt rating to Arbejdernes Landsbank; stable outlook - Rating Action – 2023/09/13 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Arbejdernes Landsbank A/S: Update to credit analysis following assignment of senior unsecured MTN ratings - Credit Opinion – 2023/08/24 – US$ 250.00 – ...The A2 deposit ratings and and (P)A2 senior unsecured MTN program ratings assigned to Arbejdernes Landsbank A/S (AL Bank) incorporate the bank's Adjusted Baseline Credit Assessment (Adjusted BCA) of baa2, and Moody's forward-looking view of the bank's bail- inable debt issuance, which indicates an extremely low loss given failure as per Moody's Advanced Loss Given Failure (LGF) analysis. The Baa1 junior senior unsecured ratings reflect the BCA and one positive adjustment in accordance with LGF. The outlook on the long-term deposit ratings is stable. AL Bank's baa2 BCA captures the bank's very strong capitalization, along with a stable deposit base and high liquidity buffers, balanced against elevated asset risks, stemming primarily from the majority stake in Vestjysk Bank A/S (Vestjysk Bank), and volatile profitability....

Moody's assigns (P)A2 senior unsecured MTN ratings to Arbejdernes Landsbank - Rating Action – 2023/08/21 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Moody's assigns (P)Baa1 ratings to Arbejdernes Landsbank's junior senior unsecured MTN programme - Rating Action – 2022/06/27 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Arbejdernes Landsbank A/S: New Issuer - Danish workers' bank becomes SIFI following acquisition - Credit Opinion – 2022/06/03 – US$ 250.00 – ...On May 31, Moody's assigned deposit ratings of A2/P-1 to Arbejdernes Landsbank A/S (AL Bank) and a Baseline Credit Assessment (BCA) and Adjusted BCA of baa2. The outlook on the long-term deposit ratings is stable. The deposit ratings reflect AL Bank's baa2 BCA, which captures the bank's very strong capitalization, along with a stable deposit base and high liquidity buffers, balanced against elevated asset risks, stemming primarily from the majority stake in Vestjysk Bank A/S (Vestjysk Bank), and volatile profitability. The ratings also reflect the strong loss protection given failure, because of significant amounts of loss-absorbing liabilities, as per our Advanced Loss Given Failure (LGF) analysis....

Moody's assigns first time A2 Deposit ratings to Arbejdernes Landsbank - Rating Action – 2022/05/31 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

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Cite this Report

  
MLA:
Moody's Global Credit Research. "Arbejdernes Landsbank A/S: Update following assignment of (P)Baa1 junior senior unsecured ratings to MTN programme" Jul 01, 2022. Alacra Store. May 20, 2024. <http://www.alacrastore.com/moodys-credit-research/Arbejdernes-Landsbank-A-S-Update-following-assignment-of-P-Baa1-junior-senior-unsecured-ratings-to-MTN-programme-PBC_1335411>
  
APA:
Moody's Global Credit Research. (). Arbejdernes Landsbank A/S: Update following assignment of (P)Baa1 junior senior unsecured ratings to MTN programme Jul 01, 2022. New York, NY: Alacra Store. Retrieved May 20, 2024 from <http://www.alacrastore.com/moodys-credit-research/Arbejdernes-Landsbank-A-S-Update-following-assignment-of-P-Baa1-junior-senior-unsecured-ratings-to-MTN-programme-PBC_1335411>
  
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