...- Over the past decade, Sweden-based Skandinaviska Enskilda Banken (SEB) has demonstrated strong execution of its organically led strategy, leading to robust and predictable profitability comparable with that of its higher rated peers. - Although we expect this will prevail, we consider elevated geopolitical risks and ongoing capital optimization could weigh on the bank's asset quality and capitalization. - We expect more clarity on the bank's ability to manage these pressures to develop over the next six to 12 months. - We therefore revised to positive from stable our outlook on SEB and affirmed both our 'A+/A-1' long- and short-term issuer credit ratings and our '##-/A-1+' resolution counterparty ratings on the bank. - The positive outlook indicates that we expect SEB to resist the looming downside pressures and continue to generate risk-adjusted earnings comparable with higher-rated peers, while maintaining strong capitalization....
