...October 3, 2019 - Nordea Bank Abp's (Nordea's) investments in a simpler group structure and de-risked operations have come at the cost of business momentum and customer satisfaction. - We anticipate the new executive management team will shift its focus to customers and business growth, while maintaining a cost containment and innovative mindset, which we project will support improved earnings and strong capitalization. - We are therefore affirming our '##-/A-1+' ratings on Nordea. - The stable outlook reflects our expectation that Nordea will be able to generate robust earnings over the next two years, supporting its strong risk-adjusted capitalization. FRANKFURT (S&P Global Ratings) Oct. 3, 2019--S&P Global Ratings today said it affirmed its '##-/A-1+' long- and short-term ratings on Nordea Bank Abp (Nordea). We also affirmed the '##-/A-1+' resolution counterparty ratings on Nordea. The outlook remains stable. At the same time, we affirmed the 'A+/A-1' long-term and short-term ratings...
