Standard & Poor’s upgrades Swedbank’s rating

The rating institute Standard & Poor’s has decided to upgrade the long term rating for Swedbank to A+ (from A). The short-term rating is unchanged at A-1. The outlook is stable.

According to Standard & Poor’s the higher rating reflects:
-the strengthening of the group’s management of risks in the Baltic operations following the successful integration of Hansabank
-the reorientation of the group’s international strategy over the last few years
-the sustained improvement in financial performance in the past three years
-the Groups consistently strong asset quality.


For further information:
Mikael Inglander, Chief Financial Officer, Swedbank, phone: +46 8 5859 1314
Jan Lilja, Head of Group Treasury, Swedbank, phone: +46 8 5859 1019