We consider that potential extraordinary government support for European banks will likely decrease as resolution frameworks are put into place. We are affirming our 'A+/A-1' counterparty credit ratings on Sweden-based Skandinaviska Enskilda Banken. The negative outlook reflects the possible removal of government support by year-end 2015. On April 29, 2014, Standard&Poor's Ratings Services affirmed its 'A+/A-1' counterparty credit ratings on Sweden-based Skandinaviska Enskilda Banken AB (SEB). The outlook is negative. In addition, we affirmed our 'A/A-1' counterparty credit ratings on SEB's German subsidiary SEB AG. The outlook on SEB AG is negative. The affirmation follows the completion of our review of potential extraordinary government support for European banks (see "Standard&Poor's To Review Government Support In European
