Rating action SpareBank 1 Nord-Norge

Moody's downgrades SpareBank 1 Nord-Norge to A1/C from Aa3/C+
P-1 short-term rating affirmed
Moody's Investors Service has downgraded SpareBank 1 Nord-Norge's long-term debt and deposit ratings to A1 from Aa3 and its bank financial strength rating (BFSR) to C from C+. The Prime-1 short-term rating was affirmed. The outlook on SpareBank 1 Nord-Norge's BFSR is negative. The long-term ratings have a stable outlook.
Contact person at SpareBank 1 Nord-Norge:
CFO Rolf Eigil Bygdnes +47 905 19 774

About Us

SpareBank 1 Nord-Norge is a leading provider of financial products and services in North-Norway. In addition to loans, deposits and payment transmission services, this also comprises most other savings products, as well as life- and non-life insurance products. Services and products are made available either by the bank and its subsidiaries, or through SpareBank 1 Gruppen AS's product companies.