Moody's Investor Services has globally adjusted its new rating methodology for
banks. The methodology was introduced in Denmark on 26 February 2007. It
resulted in Moody's downgrading the implicit support on the part of the Danish
state to a number of Danish banks - among them Jyske Bank. Jyske Bank's
long-term ratings are as follows:
New rating Rating during the period Previous
26 February to 10 March rating
Senior/bank deposits Aa2 Aa1 A1
Subordinated debt (Tier 2) Aa3 Aa2 A2
Junior subordinated
debt (Tier 1) A1 Aa3 A3
Individual financial
strength (BFSR) B- B- B-
Overall, the changes of Jyske Bank's ratings in relation to the original
ratings are still regarded as supportive of Jyske Bank's funding capacity.
