DBRS confirms Skandinaviska Enskilda

DBRS said it confirmed the ratings of Skandinaviska Enskilda Banken AB (SEB), including the long-term issuer rating of A (high) and the short-term issuer rating of R-1 (middle).

The trend is stable.

The support assessment remains SA3, reflecting a view that developments in European regulation and legislation mean that there is less certainty about the likelihood of timely systemic support and as a result, the final senior debt rating is positioned in line with the A (high) intrinsic assessment, DBRS said.

The agency said SEB’s ratings reflect the bank’s strong universal franchise in Sweden and the Baltics, its corporate franchise in Germany and the United Kingdom, as well as its solid earnings generation capacity, low risk profile, and strong capital levels.

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