Swedbank is rated by Standard & Poor’s, Moody’s and Fitch, to provide debt investors with an external assessment of the bank’s financial and credit position. Ratings are assigned both to the bank’s short-term and long-term funding programmes. The Group’s covered bond programme is rated by Moody’s and Standard & Poor’s.
Rating
Swedbank’s aim is to maintain credit ratings on par with those of the banks with the highest credit ratings in the Nordic region.
|
Swedbank AB | Swedbank Mortgage AB |
Covered bonds |
|||
|---|---|---|---|---|---|---|
| Standard & Poor’s |
||||||
| Short-term funding | A-1 | S | A-1 | S | - | - |
| Long-term funding | A+ | S | A+ | S | AAA | S |
| Stand-alone credit profile |
a | - | a | - | - | - |
Moody’s |
||||||
| Short-term funding | P-1 | - | P-1 | - | - | - |
| Long-term funding | Aa3 | S | Aa3 | S | Aaa | - |
| Baseline credit assessment |
baa1 | - | baa1 | - | - | - |
| Fitch | ||||||
| Short-term funding | F1 | - | - | - | - | - |
| Long-term funding | A+ | S | - | - | - | - |
| Viability rating | a+ | - | - | - | - | - |
Note: P denotes Positive outlook, S Stable outlook, N Negative outlook and WN Watch Negative
Rating development
Rating actions
| Rating agency | Credit analyst | Covered bond analyst |
|---|---|---|
| Standard & Poor’s | Antonio Rizzo | Tristan Gueranger |
| Moody’s | Louise Lundberg | Tomás Rodríguez-Vigil Junco |
| Fitch | Michal Bryks | n.a. |
| Rating agency | Latest rating action | Latest rating report | Covered bond report |
|---|---|---|---|
| Standard & Poor’s |
26 Mar 2020 | 27 Jun 2018 | 24 Mar 2016 |
| Moody’s | 12 Sep 2019 | 30 Sep 2019 | |
| Fitch | 3 April 2020 | 13 Dec 2018 | n.a. |