Moody's upgrades all the ratings of Sparebanken Rogaland (Norway) to A2/Prime-1/C+
This rating action reflects Sparebanken Rogaland's (SR-Bank) sustainable improvement in profitability along with its cautious credit risk management, all underpinned by its dominant market position in the region of Rogaland (south-west of Norway). SR-Bank, the second largest savings bank in Norway after Gjensidige NOR, is the leading player in its local market. It has also been an active and fruitful member of the SpareBank 1 Alliance. According to Moody's, membership in the Alliance benefited the bank, especially in terms of cost synergies and transfer of know-how. In recent years,