Rating
Swedbank's current rating is indicated in bold and highlighted in grey. These ratings affects the cost of the bank's funding on the international capital markets. The better the rating and higher up the scale, the lower the cost of funding.
On 23 February 2010 Standard & Poor’s Ratings Services affirmed Swedbank’s long-term rating of A and short-term rating of A-1. The ratings incorporate Swedish state support. The state support in the rating has been reduced, however, as the outlook changed from negative to stable mainly due to reduced uncertainty about the Baltic economies.
During the first quarter Moody’s left Swedbank’s ratings unchanged at A2 long-term, P-1 short-term and D+ for financial strength after incorporating continued Swedish state support and a stable outlook.
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* Bank Financial Strength Ratings
Swedbank's subsidiaries' rating
Swedbank Mortgage
S&P: short rating A1 and covered bonds AAA
Moody's: short P1, long A2 and covered bonds Aaa
Swedbank AS (Estonia)
Moody's: short P-3, long Baa3 and BFSR D-.
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