Fitch Ratings has today assignedSpareBank 1 Nord-Norge's (SNN)NOK1 billion inaugural senior non-preferred note (NO0010887276) a long-term rating of 'A' and has upgraded SNN's senior preferred and deposit rating to 'A+' from 'A'. The bank's other ratings are unaffected by this rating action. The upgrade of the senior preferred debt rating reflects the protection that could accrue to senior preferred debt from the bank's more junior bank resolution debt and equity buffers. Please see below the relevant link for more information: https://www.fitchratings.com/research/banks/fitch-rates-sparebank-1-nord-norge -senior-non-preferred-a-upgrades-senior-preferred-to-a-09-07-2020 For further information from the issuer, please contact: Head of Treasury Ronny Løvberg Sørensen, tel 971 05 220 CFOBengt Olsen , tel 975 89 560 This information is subject to the information requirements pursuant to the Norwegian Securities Trading Act section 5-12.
Click here for more information
© Oslo Bors ASA, source