Improved ratings outlook from Moody's
Moody's Investor Service has changed its ratings outlook on SpareBank 1 Nord-Norge from negative to stable. The change in outlook covers the bank's A1 long term debt and deposit rating, and the C Bank Financial Strength Rating (BFSR). The outlook on the bank's subordinated debt and hybrid instrument ratings were also changed from negative to stable. The Prime‐1 short‐term rating was affirmed.
SpareBank 1 Nord-Norge is satisfied by the revised ratings outlook from Moody's which is considered to be the result of - among other factors - the good quality in the bank's loan book and good financial performance over time.
Please find the full press release from Moody's attached.
Contact person at SpareBank 1 Nord-Norge:
CFO Rolf Eigil Bygdnes +47 905 19 774