Yesterday Moody's announced the following regarding SpareBank 1 SR-Bank's rating:

 

-         Long-term deposit, senior unsecured and issuer ratings confirmed at A1, with negative outlook;

-         Subordinate ratings confirmed at A2, with negative outlook;

-         Preferred stock ratings confirmed at A3, with negative outlook;

-         C- BFSR with negative unaffected;

-         Prime-1 short rating unaffected

 

Moody's last rating action on SpareBank 1 SR-Bank was on 22 July 2009 when long-term ratings were placed on review for possible downgrade.

 

Contact persons at SpareBank 1 SR-Bank

Director Capital Markets Stian Helgøy, +47 906 52 173

Investor Relations Manager Kyrre M. Knudsen, + 47 938 83 518