We now consider that the wind-down of Eksportfinans is becoming more predictable as large portions of the balance sheet mature. We are therefore raising our counterparty credit ratings on Eksportfinans to 'BBB/A-2' from 'BBB-/A-3'. The positive outlook reflects our view that further clarity on the orderly wind-down of the entity could be achieved over the coming quarters as a significant portion of outstanding debt matures. On Feb. 29, 2016, Standard&Poor's Ratings Services raised its long- and short-term counterparty credit ratings on Norway–based Eksportfinans ASA to 'BBB/A-2' from 'BBB-/A-3'. The outlook remains positive. The upgrade reflects our view of the diminishing likelihood of nonpayment of Eksportfinans' senior creditors. Further maturity of structured debt with unknown maturity and the successful
