Fitch Ratings: SpareBank 1 Nord-Norge affirmed at A, outlook changed to Stable from Negative
(Thomson Reuters ONE) -
Fitch Ratings has changed the outlook on the IDR (Issuer Default Rating) of
SpareBank 1 Nord-Norge to Stable from Negative. The ratings are affirmed
long-term IDR (Issuer Default Rating) at A and short-term F1.
The rating actions take into account the bank's higher proportion of customer
deposits covering loans, lower levels of single-name concentration and strong
capitalisation relative to its immediate peers. Some of these factors are partly
due to the bank's location in northern Norway where the public sector represents
a significant portion of the local economy.
Further reference is made to the enclosed press release from Fitch Ratings
For more information, please contact:
Rolf Eigil Bygdnes, CFO
Mobile +47 905 19774
12 March 2010
Head of communication
Vidar Korsberg Dalsbø
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1393311]
Fitch rating: http://hugin.info/147/R/1393311/350609.pdf
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Datum: 12.03.2010 - 05:13 Uhr
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News-ID 1011269
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