trending Market Intelligence /marketintelligence/en/news-insights/trending/qa1atj_8u79jazfwdxf_ww2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Moody's upgrades Sparebanken Hedmark

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Moody's upgrades Sparebanken Hedmark

Moody's on Oct. 11 raised Sparebanken Hedmark's long-term local- andforeign-currency bank deposits and issuer ratings to A1 from A2. The outlook onthe long-term ratings is stable.

Moody's also upgraded the bank's baseline credit assessmentto "baa1" from "baa2" and the long-term counterparty riskassessment to Aa3(cr) from A1(cr).

The rating agency affirmed the bank's P-1 short-term local-and foreign-currency bank deposits ratings, "baa1" adjusted baselinecredit assessment and P-1(cr) short-term counterparty risk assessment.

The ratings action follows the consolidation of theacquired intoSparebanken Hedmark's financial statements of June 2016 and the resultingincreased importance of the group within the Norwegian financial system.

The upgrade of the bank's long-term bank deposits and issuerratings reflects moderate government support that Moody's now incorporates intothe ratings. The upgrade of the bank's baseline credit assessment reflects theagency's view that the acquisition of Bank 1 Oslo Akershusbenefits the bank's standalone credit profile.