Moodys Withdrew Rating on Swedbank AS
OREANDA-NEWS. July 05, 2010. Rating agency Moody' s withdrew its separate rating of Swedbank AS in Estonia on request of the bank, reported the press-centre of Swedbank.
Need for separate rating from Swedbank AB was decreased mainly due to the fact that funding is integrated with Swedbank Group and Swedbank AS has ended all its emissions.
The rating action does not reflect on the company's creditworthiness.
Swedbank AB has ratings from rating agency Moody`s and Standard & Poors.
The following ratings of Swedbank AS have been withdrawn:
-Bank financial strength rating
-Long-term local currency deposit rating
-Short-term local currency deposit rating
-Long-term foreign currency deposit rating
-Short-term foreign currency deposit rating
-Short-term foreign currency debt rating