Spar Nord Bank awarded rating by Moody's


Today Spar Nord Bank was awarded the following ratings by Moody's:

Financial strength rating:	C

Long-term deposit rating:	A1

Short-term deposit rating:	P-1

The reason behind Spar Nord Bank's decision to initiate a rating process with
Moody's is primarily that the Bank's business growth has, in recent years,
generated an increased need for additional funding. 

Having been awarded a rating, the Bank expects to obtain a more diversified
funding base, including by the floating of loans on the bond market.

Attachments

nr. 8 - moodys - engelsk.pdf