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+ | N | A-1+ | N | - | - |
| Long-term funding | AA- | N | AA- | N | AAA | S |
| Stand-alone credit profile |
a+ | - | a+ | - | - | - |
Moody’s |
||||||
| Short-term funding | P-1 | - | P-1 | - | - | - |
| Long-term funding | Aa2 | N | Aa2 | N | Aaa | - |
| Baseline credit assessment |
a3 | - | a3 | - | - | - |
| Fitch | ||||||
| Short-term funding | F1+ | WN | - | - | - | - |
| Long-term funding | AA- | WN | - | - | - | - |
| Viability rating | aa- | WN | - | - | - | - |
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 |
1 April 2019 | 27 Jun 2018 | 24 Mar 2016 |
| Moody’s | 10 Oct 2018 | 14 Mar 2017 | |
| Fitch | 2 April 2019 | 13 Dec 2018 | n.a. |