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Moody's revises outlook on Sparebanken Sogn og Fjordane

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Moody's revises outlook on Sparebanken Sogn og Fjordane

Moody's on Oct. 11 affirmed Sparebanken Sogn og Fjordane's long-term deposit and issuer ratings at A2, and revised the outlook on the ratings to stable from negative.

The rating agency said the outlook revision reflects its expectation that the Norway-based lender's financials will remain broadly resilient, supported by the country's gradually improving economy.

Moody's also affirmed the bank's long- and short-term counterparty risk assessments at A1(cr)/P-1(cr), short-term bank deposit rating at P-1 and baseline and adjusted baseline credit assessments at "baa1."