Summary: Eksportfinans ASA - S&P Global Ratings’ Credit Research

Summary: Eksportfinans ASA

Summary: Eksportfinans ASA - S&P Global Ratings’ Credit Research
Summary: Eksportfinans ASA
Published Nov 28, 2013
1063 words — Published Nov 28, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Robust capitalization. Successful management of bank run-off. Residual structured funding model and complex derivative book. High operational risks. Still high concentration risks. The negative outlook on Norway-based Eksportfinans ASA reflects Standard&Poor's Ratings Services' view that the company's creditworthiness will remain reliant on its highly complex funding structure. In addition, we do not expect risk mitigation from extraordinary future government support over the next two years. We might consider a negative rating action if Eksportfinans' risk position further deteriorated to the point where the company could lose the benefit of its financial hedges. This would significantly weaken its financial risk profile and create substantial costs for replacing illiquid non-standard contracts. Such an outcome could lead to a downgrade of

  
Brief Excerpt:

RESEARCH Summary: Eksportfinans ASA Publication date: 28-Nov-2013 Primary Credit Analyst: Per A Tornqvist, Stockholm (46) 8-440-5904; per.tornqvist@standardandpoors.com Secondary Contact: Sean Cotten, Stockholm (46) 8-440-5928; sean.cotten@standardandpo...

  
Report Type:

Summary

Ticker
6120B
Issuer
Eksportfinans ASA
GICS
Specialized Finance (40201040)
Sector
Global Issuers, Structured Finance
Country
Norway
Region
Europe, Middle East, Africa
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. "Summary: Eksportfinans ASA" Nov 28, 2013. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Eksportfinans-ASA-1222287>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Eksportfinans ASA Nov 28, 2013. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Eksportfinans-ASA-1222287>
  
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