Nordea’s long-term issuer default rating affirmed

24.10.2011

Nordea’s long-term issuer default rating affirmed

The rating agency Fitch Ratings has affirmed OJSC Nordea Bank’s long-term issuer default rating (IDR) at BBB+ with positive outlook.

This is the maximal rating for issuers operating in Russia, as IDR may not exceed the country rating.

The rating activities carried out:

  • Long-term foreign currency IDR is affirmed at BBB+, outlook – positive;
  • Short-term foreign currency IDR is affirmed at F2;
  • Long-term national rating is affirmed at AAA (rus), outlook – stable;
  • Support rating is affirmed at 2;
  • Individual rating is affirmed at D.

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