DBRS: Svenska Handelsbanken unchanged

DBRS said that the ratings for Svenska Handelsbanken AB, including its AA (low) senior debt and deposits rating, are unaffected by the bank's 1Q11 results.

The trend is stable.

The bank recorded solid earnings and credit performance, ample liquidity and funding and sound capitalization in the quarter, the agency said.

The bank recorded another quarter of solid net profit, evidencing both the strength of the franchise and the solid earnings generation ability of the bank's diverse business model, the agency added.

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