Nordax Bank receives affirmed investment grade rating from Nordic Credit Rating (BBB, stable outlook)
Nordax Bank AB (publ) (“Nordax”) has, taking into consideration the acquisition of Bank Norwegian, received an affirmed investment grade rating from the rating institute Nordic Credit Rating with the rating BBB, stable outlook. To have a diversified funding structure is a cornerstone in Nordax’s funding strategy and reduces Nordax’s liquidity risk and enables it to create a larger, more optimal financing mix over time. Being an active issuer in the capital market is part of the strategy. The credit rating from Nordic Credit Rating further strengthens Nordax’s possibilities of getting