S&P revises Nordea Bank view to negative

S&P said it revised the outlook for Nordea Bank Abp to negative from stable and affirmed its AA- rating.

“The outlook revision reflects our view that ongoing economic stress as a result of the Covid-19 pandemic and related social-distancing measures will make it more difficult for the group to achieve its key financial targets by 2022,” the agency said in a press release.

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