Eksportfinans oppgradert av S&P Global Ratings

03.08.2021 - Pressemelding

29. juni 2021 ble Eksportfinans oppgradert til A- fra BBB+ av S&P Global Ratings. rating Outlook er stabilt. Endelig ratingrapport ble offentliggjort 3. august 2021.

 

RAPPORTENE LIGGER I DOKUMENTLENKEN TIL HØYRE

Rating Action

On June 29, 2021, S&P Global Ratings raised its long-term issuer credit rating on Norway-based Eksportfinans ASA to 'A-' from 'BBB+'. The outlook is stable. At the same time, we affirmed our 'A-2' short-term issuer credit rating on the bank.

Rationale

Eksportfinans' management has shown the capacity to manage outstanding structured funding while an orderly wind down advances. Over the past 10 years, Eksportfinans has capably managed the wind down of much of its balance sheet. Total assets stood at Norwegian kroner (NOK) 11.2 billion (€1.1 billion) at March 31, 2021, compared with NOK 215.5 billion at year-end 2010. A complex funding structure required ongoing management of derivatives as hedges. We now consider the complexity and size of the outstanding debt much lower, reducing risk of nonpayment.

 

 

 

  • EKSPORTFINANS ASA

    Tel: +47 22 01 22 01

    Org.no: 816 521 432
    LEI: HKDM6R5I7TEN7ODGZB21

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