Moody´s upgrades the rating of Stadshypotek
Moody's states that the reasons for this are the successful integration of Stadshypotek into the Svenska Handelsbanken Group and its good financial fundamentals.
Further Moody´s states Although market share has declined since the acquisition of Stadshypotek, the Handelsbanken group has managed to maintain its position as Sweden´s largest mortgage lender.
The Stadshypotek AB Group, including its subsidiary, Handelsbanken Hypotek, is a subsidiary group of Handelsbanken and at the end of 1998, its lending to the general public was SEK 326.5bn.
For further information please contact <br>Michael Zell president of Stadshypotek AB tel: +46 8 701 5410 <br>Gustaf Elmstedt, Head of Investor relations tel: +46 8 701 5142 <br>