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:
CFO, Länsförsäkringar Bank AB
+46 (0)8-588 412 51
+46 (0)73- 96 412 51
Press Officer, Länsförsäkringar AB
+46 (0)8-588 414 99
+46 (0)73-96 414 99