NCR confirms credit rating of BBB, stable outlook, for Resurs Bank
Resurs Holding’s subsidiary Resurs Bank today received an update from the rating company Nordic Credit Rating (NCR). The rating of BBB, stable outlook was confirmed.
NCR has monitored Resurs Bank since May 2019, always assigning the company an investment grade rating. In April 2021, the rating was upgraded from BBB- to BBB, stable outlook and NCR confirmed this rating today. NCR believes that Resurs Bank’s healthy profitability together with good access to financing opportunities were some of the reasons for this decision. Furthermore, NCR states that its positive outlook for the sector as a whole stands firm. NCR also comments that the bank’s stable position and healthy profitability make the company resilient also in turbulent times.
“Our strategy is to actively work with various sources of financing and maintain a diversified long-term financing structure. Just as NCR states in its report, we have good access to financing and liquidity,” says Sofie Tarring Lindell, CFO & Head of IR at Resurs Holding.
For additional information:
Sofie Tarring Lindell, CFO & Head of IR, firstname.lastname@example.org, +46 73 644 33 95
About Resurs Holding
Resurs Holding (Resurs) operates through its subsidiary Resurs Bank and since its start in 1977 has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce. Resurs has thus built a customer base of approximately 6 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the fourth quarter of 2021, the Group had 617 employees and a loan portfolio of SEK 33.3 billion. Resurs is listed on Nasdaq Stockholm.