DBRS Assigns First-Time Ratings to Norway's SpareBank 1 SR-Bank at A (high)/R-1 (middle)
Industry Group: Financial Institutions Sub-Industry: Banks & Trusts DBRS has today assigned first-time long- and short-term debt and deposit ratings of A (high) and R-1 (middle), with a Stable trend, to SpareBank 1 SR-Bank (SR-Bank). The ratings are underpinned by the savings bank's solid and defensible franchise in southwestern Norway, by its prudent strategy and strict risk management and by very good financial fundamentals, including good and sustainable profitability. The ratings also take account of SR-Bank's membership in the SpareBank 1 Group - which includes some of