Moody's upgrades Länsförsäkringar Bank's Credit Rating to A2

Moody's Investors Service has announced an upgrade of Länsförsäkringar Bank’s credit rating. The Bank's long-term rating has been upgraded from A3 (stable) to A2 (stable) The Bank's short-term rating is upgraded from P-2 to P-1 and the Bank Financial Strength Rating from C- to C.

Moody's upgrade results from the implementation of joint default analysis (JDA) methodology, which takes into account potential sources of external support for banks, and its updated bank financial strength rating (BFSR) methodology.

For further information, contact:

Anders Borgcrantz,
CFO, Länsförsäkringar Bank AB
+46 (0)8-588 412 51
+46 (0)73- 96 412 51

Dag Rosander,
Press Officer, Länsförsäkringar AB
+46 (0)8-588 414 99
+46 (0)73-96 414 99

About Us

Länsförsäkringar is Sweden’s only customer-owned and locally established banking and insurance group. The customers in each of the counties in the country own their local and independent regional insurance company. The 23 regional bank and insurance companies cooperate in the jointly owned Länsförsäkringar AB, which conducts development and provides services within banking, life assurance, non-life insurance and animal insurance. Länsförsäkringar offers a broad range of insurance and banking services for individuals, companies and farming. All companies within the Länsförsäkringar Alliance are environmentally certified in accordance with ISO 14001.