S&P Global Ratings has today published an update on the rating of Bank Norwegian. S&P Global Ratings revises the outlook from “Negative” to "Stable", while affirming the long-term rating of "BBB" and a short-term rating of "A-2".
S&P Global Ratings highlights that “Bank Norwegian's earnings performance in the first nine months of 2020 demonstrate resilience amid COVID-19 fallout, and its capital and provisions are strong enough to absorb losses even in a more adverse scenario. The stable outlook reflects our view the bank will defend its high risk-adjusted profitability and maintain strong capital buffers through 2022.”
See attached research update from S&P Global Ratings.
CFO Klara Lise Aasen; phone +47 47635583; email@example.com
Head of Treasury Mats Benserud; phone +47 95891539; firstname.lastname@example.org
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act