At Bank Norwegian ASA’s request, S&P Global Ratings withdraws its BBB-/A-3 credit rating
At the request of Bank Norwegian ASA (“Bank Norwegian”), a wholly owned subsidiary of Nordax Bank AB (publ) (“Nordax Bank”), S&P Global Ratings has withdrawn its BBB-/A-3 long- and short-term issuer credit ratings of Bank Norwegian. The outlook was stable at the time of the withdrawal. Please find the latest rating updates at Bank Norwegian’s website: https://www.banknorwegian.no/omoss/investorrelations/ratings/. As previously announced, latest on 1 November 2022, Nordax Bank and Bank Norwegian are in the process of implementing an intragroup merger between the companies. All