Nordea Hypotek AB (publ): Company announcement
As part of Nordea Hypotek AB's ("Nordea Hypotek") and the Nordea Group's continuous high focus on obtaining relevant ratings for funding programmes and issuances, a review has been performed of all rating agreements in the Nordea Group. In order to be cost-efficient Nordea Hypotek has decided to only solicit one rating of its programme for covered bonds and bonds (the "Programme"), which currently has ratings from both Moody's Investors Service Ltd. ("Moody's") and Standard & Poor's Credit Market Services Europe Ltd ("S&P").
With effect from 1 April 2020 Nordea Hypotek will solicit ratings of the Programme and bonds issued under it from Moody's only.
Nordea Hypotek will discontinue to solicit ratings from S&P of the Programme and bonds issued under it.
Bonds and covered mortgage bonds issued under the Programme and rated by Moody's are currently assigned a rating of Aaa.
Nordea Bank Abp will continue to be rated by Fitch (AA-), Moody's (Aa3) and S&P (AA-).
Any questions can be directed to Michael Skytt, phone (+46) 708 324493 or Andreas Larsson (+46) 709 707555 or Maria Caneman (+46) 768 249218.
Kind regards
Nordea Hypotek AB