Nordic Credit Rating (NCR) said today that it had assigned an 'N2' short-term issuer rating to Sweden-based Varbergs Sparbank AB (publ), 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. The ratings are no longer under criteria review.
| Rating list | To | From |
|---|---|---|
| Long-term issuer credit rating: | A- | A- |
| Outlook: | Stable | Stable |
| Short-term issuer credit rating: | N2 | N-1+ |
| Senior unsecured issue rating: | A- | A- |
Contacts:
Sean Cotten, chief rating officer, +46735600337, sean.cotten@nordiccreditrating.com
Ylva Forsberg, analyst, +46768806742, ylva.forsberg@nordiccreditrating.com
The methodology documents used for this rating are NCR's Financial Institutions Rating Methodology published on 18 Feb. 2022, NCR's Group and Government Support Rating Methodology published on 18 Feb. 2022 and NCR's Rating Principles published on 24 May 2022. For the full regulatory disclaimer please see the rating report.