S&PCORRECT: Two Perpetual Subordinated Notes Issued By Skandinaviska Enskilda Banken AB Rated 'BB+' - S&P Global Ratings’ Credit Research

S&PCORRECT: Two Perpetual Subordinated Notes Issued By Skandinaviska Enskilda Banken AB Rated 'BB+'

S&PCORRECT: Two Perpetual Subordinated Notes Issued By Skandinaviska Enskilda Banken AB Rated 'BB+' - S&P Global Ratings’ Credit Research
S&PCORRECT: Two Perpetual Subordinated Notes Issued By Skandinaviska Enskilda Banken AB Rated 'BB+'
Published Nov 09, 2009
Published Nov 09, 2009
Price US$ 150.00  |  Buy this Report Now

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Abstract:

STOCKHOLM (Standard&Poor's) Nov 9, 2009--Standard&Poor's Ratings Services said today that due to a data entry error, two debt ratings were incorrectly assigned to two perpetual subordinated notes issued by Skandinaviska Enskilda Banken AB (SEB): --¥10 billion 4.4% perpetual subordinated instruments (ISIN XS0058537373) were incorrectly assigned a rating as senior unsecured notes when in fact the notes are perpetual subordinated. As a consequence, the debt rating on the notes should be 'BB+' and not 'A'. --$2 million perpetual subordinated floating rate instruments (ISIN XS0119875168) were incorrectly assigned a rating as dated subordinated notes when in fact the notes are perpetual subordinated. As a consequence, the debt rating on the notes should be 'BB+' and not 'BBB+'. The

  
Report Type:

Ratings Action

Ticker
SEBA@SS
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&PCORRECT: Two Perpetual Subordinated Notes Issued By Skandinaviska Enskilda Banken AB Rated 'BB+'" Nov 09, 2009. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-Two-Perpetual-Subordinated-Notes-Issued-By-Skandinaviska-Enskilda-Banken-AB-Rated-BB-756117>
  
APA:
S&P Global Ratings’ Credit Research. (). S&PCORRECT: Two Perpetual Subordinated Notes Issued By Skandinaviska Enskilda Banken AB Rated 'BB+' Nov 09, 2009. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-Two-Perpetual-Subordinated-Notes-Issued-By-Skandinaviska-Enskilda-Banken-AB-Rated-BB-756117>
  
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