Christiania Bank og Kreditkasse upgraded to Aa3 by Moody's

Christiania Bank og Kreditkasse upgraded to Aa3 by Moody's Christiania Bank og Kreditkasse ASA (CBK) now holds an Aa3 long-term rating upgraded from A1 from Moody's Investors Service on 6 July 2001. The Norwegian retail banking activities within the Nordea Group also received a confirmation of the the bank's financial strength rating at B with a positive outlook. The long-term debt rating of Norgeskreditt, CBK's mortgage lending subsidiary, was upgradede to A1 from A2. The outlook for the long-term ratings of both CBK and Norgeskreditt is stable. Moody's said that the rating action is based on the good degree of post- merger integration between CBK and Nordea - underpinned by Nordea's good track record in banking consolidation in the Nordic area. For further information: Sigurd Carlsen, Investor Relations, + 46 8 614 7852 www.moodys.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/07/10/20010710BIT00480/bit0001.doc http://www.bit.se/bitonline/2001/07/10/20010710BIT00480/bit0001.pdf

About Us

We build strong and close relationships through our engagement with customers and society. Whenever people strive to reach their goals and realise their dreams, we are there to provide relevant financial solutions. We are the largest bank in the Nordic region and among the ten largest financial groups in Europe in terms of total market capitalisation with around 11 million customers. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com.

Subscribe