Sweden-Based Sparbanken Skane Upgraded To 'A-/A-2' On Stronger Capitalization; Outlook Negative

Sparbanken Skåne has continued to strengthen its capital position, having successfully integrated the three banks it acquired into one stable entity. We therefore raising our long-term counterparty rating on the bank to 'A-' from 'BBB+', and affirming our short-term 'A-2' rating. The outlook is negative, reflecting our view of increasing economic risks in Sweden. STOCKHOLM (S&P Global Ratings) Dec. 15, 2016--S&P Global Ratings today raised its long-term counterparty credit rating on Swedish Sparbanken Skåne to 'A-' from 'BBB+'. The outlook is negative. At the same time, we affirmed our 'A-2' short-term rating on the bank. The upgrade reflects our view that Sparbanken Skåne has continued to strengthen its capital position as it has successfully consolidated the three savings banks it

...+ Sparbanken Sksne has continued to strengthen its capital position, having successfully integrated the three banks it acquired into one stable entity. + We therefore raising our long-term counterparty rating on the bank to 'A-' from '###+', and affirming our short-term 'A-2' rating. + The outlook is negative, reflecting our view of increasing economic risks in Sweden. STOCKHOLM (S&P Global Ratings) Dec. 15, 2016--S&P Global Ratings today raised its long-term counterparty credit rating on Swedish Sparbanken Sksne to 'A-' from '###+'. The outlook is negative. At the same time, we affirmed our 'A-2' short-term rating on the bank. The upgrade reflects our view that Sparbanken Sksne has continued to strengthen its capital position as it has successfully consolidated the three savings banks it acquired in 2014 into one brand and structure. All operations have been unified onto a single information technology platform, and loans that had previously been upstreamed to SBAB have been moved to Swedbank...

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