STOCKHOLM (Standard&Poor's) July 23, 2013--Standard&Poor's Ratings Services said today that it had corrected by lowering its issue ratings on Swedbank AB's nondeferrable subordinated debt to 'BBB+' from 'A-' and junior subordinated debt to 'BBB-' from 'BBB'. Due to an administrative error, on July 19, 2013, we erroneously raised the issue ratings on Swedbank AB's subordinated and junior subordinated debt (see " Swedbank Outlook Revised To Stable On Improving Capitalization; 'A+/A-1' Ratings Affirmed", published July 19, 2013, on RatingsDirect). Today's action corrects this error. No other ratings are affected by this correction. RELATED CRITERIA AND RESEARCH Related criteria Banks: Rating Methodology And Assumptions, Nov. 9, 2011 Banking Industry Country Risk Assessment Methodology And Assumptions, Nov. 9, 2011
