NCR comments: Kredittforeningen for Sparebanker 2020Q2 report
Our 'A-' long-term issuer and issue ratings on Kredittforeningen for Sparebanker (KfS) are unchanged following its first-half 2020 results.
Financial
NCR comments: Sparbanken Rekarne AB 2020Q2 report
Our 'A-' issuer and issue ratings on Sparbanken Rekarne are unchanged following the publication of the bank's second-quarter results.
NCR comments: Resurs Bank AB (publ) 2020Q2 report
Our 'BBB-' issuer and issue ratings on Resurs Bank AB (publ) are unchanged following the mid-year 2020 results.
Danish banking sector assessment lowered to 'bbb+' from 'a-' to reflect economic impact of COVID-19
NCR lowered its assessment of the Danish banking sector due to the economic effects of the COVID-19 pandemic.
Swedish savings banks face challenges in remainder of 2020
The response to the COVID-19 pandemic is likely to reverse strong operating profits and balance sheet improvements recorded in 2019.
Nordic bank creditworthiness stable despite COVID-19 impact
Our average credit assessment of over 300 Nordic banks remains at the 'bbb+' level.
A zero interest rate environment will hurt the profitability of Norwegian savings banks
Norway's central bank has reduced its key policy rate to zero percent, which is likely to have a negative impact on the country's banks' net interest margins.
covid-19
NCR comments: SpareBank 1 Østfold Akershus 2020Q1 report
Our 'A' issuer and issue ratings for SpareBank 1 Østfold Akershus are unchanged following the publication of its first-quarter results.
NCR comments: Sparbanken Rekarne AB 2020Q1 report
Our 'A-' issuer and issue ratings for Sparbanken Rekarne are unchanged following the publication of its first-quarter results.
NCR comments: Sparbanken Västra Mälardalen 2020Q1 report
Our 'BBB+' issuer and issue ratings for Sparbanken Västra Mälardalen are unchanged following the publication of its first-quarter results.