New rating from Moody's

Yesterday Moody's announced the following regarding SpareBank 1 SR-Bank's rating:
 
"Moody's downgrades SpareBank 1 SR-Bank to A1/C- from Aa3/C+
 
P-1 short-term rating affirmed
 
Moody's Investors Service today downgraded SpareBank 1 SR-Bank'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 SR-Bank's long-term ratings is negative. The outlook on the BFSR is stable."
 
Contact person at SpareBank 1 SR-Bank
 
Director Capital Markets Stian Helgøy, +47 906 52 173
Investor Relations Manager Kyrre M. Knudsen, + 47 938 83 518

About Us

SpareBank 1 SR-Bank is Norway’s second largest savings bank and operates in the Rogaland, Agder and Hordaland markets. We provide financial products and services, including loans and deposits, mutual funds and asset management, insurance and pension savings, payment and financing services, real estate brokerage and services related to the money and capital market. The head office is in Stavanger.

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