DBRS: Swedbank unchanged

DBRS said the 2Q11 results of Swedbank AB do not affect the bank's A (high) senior debt and deposits rating and R-1 (middle) short-term debt and deposits rating.

The trend is stable.

Swedbank's quarterly results continue to evidence solid earnings, improved credit performance, good liquidity and respectable capitalization, the agency said.

The results demonstrate the strength across Swedbank's diversified businesses, the agency added. The results also evidence the Bank's success in addressing asset quality challenges in Eastern Europe.

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