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Research Update: Swedbank Outlook Revised To Negative On Increased Baltic Uncertainty; 'A+/A-1' Rating Affirmed

Published Dec 21, 2007

827 words — Published Dec 21, 2007

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

On Dec. 21, 2007, Standard&Poor's Ratings Services revised its outlook on Sweden-based Swedbank AB to negative from stable. At the same time the 'A+' long-term and 'A-1' short-term counterparty credit ratings were affirmed. The outlook revision reflects the heightened risks stemming from Swedbank's Baltic banking operations, which currently account for as much as 15% of the bank's total lending and in excess of 30% of its operating profit. Swedbank's wholly owned subsidiary Hansabank is the market leader in the Republic of Estonia (A/Negative/A-1) and the Republic of Latvia (BBB+/Negative/A-2) and a major player in the Republic of Lithuania (A/Negative/A-1). High domestic credit growth in the three Baltic States has resulted in rapid appreciation of asset prices, particularly for

Brief Excerpt:

RESEARCH Research Update: Swedbank Outlook Revised To Negative On Increased Baltic Uncertainty; 'A+/A-1' Rating Affirmed Publication date: 21-Dec-2007 Primary Credit Analyst: Miguel Pintado, Stockholm (46) 8-440-5904; miguel_pintado@standardandpoors.com...

Report Type:

Research Update

Ticker

SWEDA@SS

Issuer

Swedbank AB

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Sweden

Region

United States

Format:

PDF

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About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Swedbank Outlook Revised To Negative On Increased Baltic Uncertainty; 'A+/A-1' Rating Affirmed" Dec 21, 2007. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Swedbank-Outlook-Revised-To-Negative-On-Increased-Baltic-Uncertainty-A-A-1-Rating-Affirmed-622186>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Swedbank Outlook Revised To Negative On Increased Baltic Uncertainty; 'A+/A-1' Rating Affirmed Dec 21, 2007. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Swedbank-Outlook-Revised-To-Negative-On-Increased-Baltic-Uncertainty-A-A-1-Rating-Affirmed-622186>

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