Yesterday Moody's announced the following regarding SpareBank 1 SMN's rating:
- C BFSR on review for possible downgrade;
- A1 long-term deposit, senior unsecured and issuer ratings affirmed, outlook changed to negative;
- A2 subordinate ratings affirmed, outlook changed to negative;
- A3 preferred stock ratings affirmed, outlook changed to negative;
- Prime-1 short-term deposit rating affirmed.
Moody's confirm that their press release does not deal with possible implications for the Norwegian covered bond ratings.
Contact person at SpareBank 1 SMN
CFO Kjell Fordal, +47 90541672