Moody’s upgrades Swedbank’s rating

The rating institute Moody’s has implemented a new bank rating methodology and published new results for Swedish banks. Swedbank’s long term rating has been upgraded to Aa1 (from Aa3). The short-term rating is unchanged at P-1. The Banks Financial Strength Rating (BFSR) also remains unchanged at B.

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Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development “Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 647 000 corporate customers and organisations with 225 branches in Sweden and 136 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 19 July 2017 the group had total assets of SEK 2 426 billion. Read more at www.swedbank.com

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