Moody’s changes Sparebanken Sor to stable

Moody's Investors Service said it affirmed Sparebanken Sor's A1 long-term local- and foreign-currency deposit and issuer ratings, and changed the outlook to stable from negative.

The bank's Prime-1 short term deposit ratings, baa1 baseline credit assessment and Aa3(cr) counterparty credit assessment were also affirmed.

Moody’s said the outlook change reflects its view that Sparebanken Sor's financial performance will remain resilient over the next 12 to 18 months, maintaining the steady performance it has delivered in the first nine months of 2016 despite the softening of the operating environment in Norway.

© 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.