...June 29, 2021 - Over the past few years, Norway-based Eksportfinans ASA has materially wound down its structured liabilities, reducing risk and complexities, while building up a sizeable capital and liquidity buffer. - Given the bank's ample liquidity and capital buffers relative to the remaining debt outstanding, we believe the risk of nontimely payment for senior unsecured bondholders continues to diminish. - We therefore raised our long-term issuer credit rating on Eksportfinans to 'A-' from '###+'. - The outlook is stable, reflecting our expectation that an orderly wind down will continue while liquidity and capital will be kept at high levels. STOCKHOLM (S&P Global Ratings) June 29, 2021--S&P Global Ratings today raised its long-term issuer credit rating on Norway-based Eksportfinans ASA to 'A-' from '###+'. The outlook is stable. At the same time, we affirmed our 'A-2' short-term issuer credit rating on the bank. Over the past 10 years, Eksportfinans has capably managed the wind down...
