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- 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 | A-1+ | A-1+ | ||||
| Long | AA- | RWN | AA- | S | AAA | S |
| Stand-Alone Credit Profile |
a+ | |||||
Moody's |
||||||
| Short | P-1 | P-1 | ||||
| Long | Aa2 | N | Aa2 | S | Aaa | n.a |
| Baseline Credit Assessment |
a3 | |||||
| Fitch | ||||||
| Short | F1+ | n.a | ||||
| Long | AA- | RWN | n.a | n.a | ||
| Viability rating | aa- | |||||
P=positive outlook, S=stable outlook, N=negative outlook, RuR=rating under review, RWN= Creditwatch negative
Rating development
Rating actions
| Rating agency | Credit analyst | Covered bond analyst |
|---|---|---|
| Standard & Poor's | Pierre-Brice Hellsing | Marta Escutia |
| Moody's | Louise Lundberg | John Hogan |
| Fitch | Olivia Perney Guillot |
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. |