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.
