Nordic Credit Rating (NCR) said today that it had assigned an 'N2' short-term issuer rating to Norway-based SpareBank 1 Østfold Akershus, in accordance with its revised short-term rating scale. At the same time, the 'A' long-term issuer rating, the 'A' senior unsecured issue ratings, the 'A-' Tier 2 issue ratings and the 'BBB' Additional Tier 1 issue ratings were affirmed. The outlook is stable. The ratings are no longer under criteria review.
Kredittforeningen for Sparebanker assigned 'N2' short-term issuer rating following short-term criteria update
by Nordic Credit Rating
Nordic Credit Rating (NCR) said today that it had assigned an 'N2' short-term issuer rating to Norway-based Kredittforeningen for Sparebanker, in accordance with its revised short-term rating scale. The assigned short-term rating is the higher of the alternatives given the long-term issuer rating of 'A-', which reflects our assessment that the bank's liquidity is adequate. At the same time, the 'A-' long-term issuer rating and the 'A-' senior unsecured issue ratings were affirmed. The outlook is stable.