Eksportfinans ASA Long-Term Rating Lowered To 'AA' On Revised Methodology For GREs And Narrower Business; Outlook Stable - S&P Global Ratings’ Credit Research

Eksportfinans ASA Long-Term Rating Lowered To 'AA' On Revised Methodology For GREs And Narrower Business; Outlook Stable

Eksportfinans ASA Long-Term Rating Lowered To 'AA' On Revised Methodology For GREs And Narrower Business; Outlook Stable - S&P Global Ratings’ Credit Research
Eksportfinans ASA Long-Term Rating Lowered To 'AA' On Revised Methodology For GREs And Narrower Business; Outlook Stable
Published Sep 04, 2009
Published Sep 04, 2009
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About This Report

  
Abstract:

-- Standard&Poor's has revised its methodology and assumptions for rating government-related entities. -- We are also lowering Eksportfinans' stand-alone credit profile due to its significantly narrower business profile in the future, following the sell-off of its municipal lender Kommunekreditt Norge AS. -- As a result of these two factors, we are lowering our long-term rating on Eksportfinans to 'AA' and affirming the short-term rating at 'A-1+'. -- The stable outlook reflects our opinion of the 'very high' likelihood of extraordinary support from the Norwegian government in case of need, and is supported by the low risk profile of Eksportfinans' core operations. FRANKFURT (Standard&Poor's) Sept. 4, 2009--Standard&Poor's Ratings Services said today it lowered its long-term

  
Report Type:

Ratings Action

Ticker
6120B
Issuer
Eksportfinans ASA
GICS
Specialized Finance (40201040)
Sector
Global Issuers, Structured Finance
Country
Norway
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Eksportfinans ASA Long-Term Rating Lowered To 'AA' On Revised Methodology For GREs And Narrower Business; Outlook Stable" Sep 04, 2009. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Eksportfinans-ASA-Long-Term-Rating-Lowered-To-AA-On-Revised-Methodology-For-GREs-And-Narrower-Business-Outlook-Stable-744879>
  
APA:
S&P Global Ratings’ Credit Research. (). Eksportfinans ASA Long-Term Rating Lowered To 'AA' On Revised Methodology For GREs And Narrower Business; Outlook Stable Sep 04, 2009. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Eksportfinans-ASA-Long-Term-Rating-Lowered-To-AA-On-Revised-Methodology-For-GREs-And-Narrower-Business-Outlook-Stable-744879>
  
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