Moody’s changes SpareBank debt view

Moody's Investors Service said it affirmed SpareBank 1 SR-Bank ASA's A1 senior unsecured debt ratings.

The outlook on the senior unsecured rating was changed to positive from stable.

“The affirmation and positive outlook reflect the bank's improving fundamentals, in particular its reduced exposure to the oil and offshore sectors which have lowered the bank's asset risk and should stabilise its profitability,” Moody’s said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.