Financial

Our 'A-' issuer and issue ratings on Kredittforeningen for Sparebanker (KfS) are unchanged following the publication of its third-quarter 2020 results.

• Read more about NCR comments: Kredittforeningen for Sparebanker Q3 2020 report

Our 'A' issuer and issue ratings on SpareBank 1 Østfold Akershus (SB1 Østfold Akershus) are unchanged following the publication of its third-quarter 2020 results.

• Read more about NCR comments: SpareBank 1 Østfold Akershus Q3 2020 report

Our 'BBB-' issuer and issue ratings on Resurs Bank AB are unchanged following the publication of Resurs Holding's third-quarter results.

• Read more about NCR comments: Resurs Bank AB (publ) Q3 2020 report

Our 'A-' issuer and issue ratings on Varbergs Sparbank AB (publ) are unchanged following the publication of its third-quarter results.

• Read more about NCR comments: Varbergs Sparbank AB (publ) Q3 2020 report

Country already well prepared for any future financial crisis.

• Read more about Swedish government overshoots target with bank tax proposal

Niche banks offering unsecured consumer loans likely to bear the brunt. covid-19

• Read more about Nordic non-performing loans set to accumulate if COVID-19 continues unabated

Rating action reflects gentler recovery than previously expected. covid-19

• Read more about Danish banking sector outlook to stable from negative

The outlook revision reflects our expectations for a gentle recovery amid better preparations for any resurgence of COVID-19. covid-19

• Read more about Swedish banking sector outlook to stable from negative

The outlook revision reflects our higher expectations for housing prices, employment, and the international cycle. covid-19

• Read more about Norwegian banking sector outlook to stable from negative

• Read more about Varbergs Sparbank AB (publ)

Varbergs Sparbank is one of Sweden's larger savings banks and operates in and around Varberg in the Halland region of south Sweden. The bank is owned by a foundation which receives part of the bank's profit as dividends. These are reinvested in the bank's area of operations to support the local community and various associations in the Varberg region. In partnership with Swedbank AB, Varbergs Sparbank benefits from diverse products, shared IT costs, and retail mortgage financing via Swedbank Hypotek AB.