Moody's Investor Service has concluded the Review on the Ratings of SpareBank 1 Nord-Norge

Moody's downgraded 5th of March SpareBank 1 Nord-Norge's long-term senior debt and deposit ratings to A2 from A1 with a stable outlook and affirmed its Prime-1 short-term ratings.

- long-term senior debt and deposit ratings:  downgraded to A2 from A1
- subordinated debt ratings: downgraded to Baa3 from Baa2
- junior subordinated debt ratings: downgraded to Baa3 from Baa2
- Tier 1 hybrid ratings: downgraded to Ba1 (hyb) from Baa3 (hyb)
- short-term ratings: confirmed at P-1

The C- standalone BFSR (stable outlook), equivalent to a baa2 BCA, is not affected. All ratings now carry a stable outlook.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Us

SpareBank 1 Nord-Norge is a leading provider of financial products and services in North-Norway. In addition to loans, deposits and payment transmission services, this also comprises most other savings products, as well as life- and non-life insurance products. Services and products are made available either by the bank and its subsidiaries, or through SpareBank 1 Gruppen AS's product companies.

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