Nordea Bank AB

Moody's upgrades Nordea to Aaa

Pressmeddelande   •   Feb 26, 2007 12:58 CET

As part of the planned application of its joint default analysis (JDA) methodology and its updated bank financial strength rating (BFSR) methodology, Moody's Investors Service today upgraded Nordea Bank AB, Nordea Bank Finland plc, Nordea Bank Norge ASA and Nordea Bank Danmark A/S long-term ratings to Aaa from Aa3.

"The upgrade from Moodys is a recognition of Nordea's strong financial position and we are now one of the highest rated banks in the Nordic region. This will give Nordea access to a broader funding base which will have a positive impact on our funding costs.", says Arne Liljedahl, CFO in Nordea.

For further information:
Arne Liljedahl, CFO Nordea, +46 8 614 79 96
Jakob Grinbaum, Head of Group Treasury, +46 8 614 78 91