S&P Global Ratings on Sept. 28 revised the outlook onDanmarks SkibskreditA/S to negative from stable.
At the same time, the agency affirmed Danmarks Skibskredit'sBBB+ long-term and A-2 short-term counterparty credit ratings.
The outlook revision reflects the agency's view thatDanmarks Skibskredit's plan to transfer its ownership could lead to a material declinein the capitalization of the consolidated group. Pension funds PFAand PKA and equity fund Axcel are set to take over a majority stake in the firmfrom shareholders including Danske Bank and Nordea Bank.
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