DBRS confirms Swedbank

DBRS said it confirmed the ratings of Swedbank AB, including the bank’s issuer rating, senior unsecured debt and deposits ratings of A (high) and the R-1 (middle) short-term debt and deposits rating.

The trend is stable.

The support assessment remains SA3, and as a result, the final senior debt rating is positioned in line with the A (high) intrinsic assessment.

The agency said the ratings reflect the bank’s solid franchise in Sweden, its robust earnings generation ability and strong capitalization levels.

The ratings also incorporate the bank’s low risk profile, DBRS added.

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