Although previously a positive differentiating factor, Sparbanken Sjuhärad AB's liquidity coverage has declined since 2015 to a level we now expect will remain in line with that of peers. However, despite the impact of COVID-19, we anticipate the bank's liquidity will remain robust. We are therefore affirming our 'A-' issuer credit rating on Sparbanken Sjuhärad. The stable outlook reflect our expectation that the bank's very strong capitalization, robust liquidity, and its relationship with Swedbank should allow it to navigate a period of increased credit risk and funding uncertainty following the outbreak of COVID-19. On April 8, 2020, S&P Global Ratings affirmed its 'A-' long-term issuer credit rating on Sparbanken Sjuharad AB. The outlook is stable The affirmation reflects our view
