Transcript Standard & Poor´s Nordic & Baltic Ratings

Standard & Poor´s
Nordic & Baltic Ratings
Issuer
DENMARK
A.P. Moller - Maersk A/S
BRFkredit A/S
Codan Forsikrings A/S, local currency
Danske Bank A/S
Denmark (Kingdom of)
DLR Kredit A/S
DONG Energy A/S
Energinet.dk SOV
Europaeiske Rejseforsikring A/S, local currency
GF-Forsikring A/S, local currency
ISS A/S
ISS Global A/S
ISS World Services A/S
Jyske Bank A/S
Kobstaedernes Forsikring, local currency
KommuneKredit
LB Foreningen f.m.b.a., local currency
Nordea Bank Danmark A/S
Novo Nordisk A/S
Nykredit Bank A/S
Nykredit Realkredit A/S
Long-term
rating
Outlook
Stable
Negative
WD
Stable
Stable
Stable
Negative
Stable
Short-term
rating
Scandferries Aps
BBB+
AAAAAA
BBB+
BBB+
AA
BBBpi
BBBpi
BB
BB
BB
ABBpi
AAA
BBBpi
AAAAA+
A+
B+
Sygeforsikringen Danmark, local currency
TDC A/S
Tryg Forsikring A/S, local currency
Tryg Garantiforsikring A/S, local currency
Welltec A/S
BBBpi
BBB
AABB-
Positive
Stable
Stable
Stable
BBB+
AA-
Stable
Stable
A-1+
Aktia Bank PLC
Bank of Åland PLC
Citycon Oyj
Danske Bank PLC
Elisa Corp.
Fennia Mutual Insurance Co., local currency
Fingrid Oyj
Finland (Republic of)
Fortum Oyj
Försäkringsaktiebolaget Alandia, local currency
Garantia Insurance Co. Ltd., local currency
ABBB
BBBABBB
BBpi
AAAAA
ABBBpi
A-
Negative
Negative
Stable
Stable
Stable
A-2
A-3
A-3
A-2
A-2
Stable
Stable
Negative
A-1+
A-1+
A-2
If P&C Insurance Co. Ltd., local currency
Keskinainen Vakuutusyhtio Turva, local currency
Metsä Board Corp.
Metso Corp.
Municipality Finance Plc.
Municipal Guarantee Board
Nokia Corp.
Nordea Bank Finland PLC
Pohjantahti Keskinainen Vakuutusyhtio, local currency
Pohjola Bank PLC
Pohjola Non-Life insurance Co. Ltd., local currency
Redarnas Ömsesidiga Försäkringsbolag, local currency
Sanitec Oyj
A
BBpi
B+
BBB
AAA
AAA
B+
AABBpi
AAAABBBpi
BB-
Stable
Nordic
short-term
rating
FSR
A-2
A/WN
A-2
A-1+
A-2
A-2
A-1+
K-1
K-1
BBBpi
BBBpi
Positive
Positive
Positive
Stable
B
A-2
Stable
A-1+
Negative
Stable
Negative
Negative
Stable
A-1+
A-1+
A-1
A-1
A-2
K-1
BBpi
BBBpi
BBBpi
A-/Stable
A-/Stable
ESTONIA
Eesti Energia AS
Estonia (Republic of)
FINLAND
BBpi
K-1
K-1
BBBpi
A-/Stable
Stable
A/Stable
BBpi
Stable
Stable
Stable
Stable
Watch Pos.
Negative
B
A-2
A-1+
A-1+
B
A-1+
Negative
Negative
A-1+
BBpi
AA-/Negative
BBBpi
Positive
Standard & Poor´s, 1/8/2014
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Issuer
Long-term
rating
Outlook
Short-term
rating
Stora Enso Oyj
TeliaSonera Finland Oyj
Teollisuuden Voima Oyj
UPM-Kymmene Corporation
Ålands Ömsesidiga Försäkringsbolag, local currency
BB
ABBB
BB
BBpi
Stable
Stable
Stable
Stable
B
A-2
A-2
B
Bakkavor Finance 2 PLC
Housing Financing Fund Ibudalanasjodur
Iceland (Republic of)
Landsvirkjun
BBB
BBBBB
Stable
Stable
Negative
Negative
Tryggingamidstodin hf., local currency
BBB-
Negative
BBB+
BBB
Positive
Positive
A-2
A-2
B
BBB
B
Stable
Positive
Stable
A-2
B
A+
A
AAA+
BB+
AAA
AAAAA
AAAAABBB
CCC
AAA
AAAA
BB
AAAA+
AAA+
BBB
BBB+
AABBB
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Negative
Negative
Stable
Negative
Negative
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Negative
Negative
Positive
Positive
A-pi
AA
AA+
AA
AAA+
B
ACCC+
CCC+
BBB+
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Nordic
short-term
rating
FSR
K-4
BBpi
ICELAND
B
A-3
B
BBB-/Negative
LATVIA
Latvia (Republic of)
Riga (City of)
LITHUANIA
Bite Finance International B.V
Lithuania (Republic of)
UAB Bite Lietuva
NORWAY
Albain Midco Norway AS
Assuranceforeningen Gard - Gjensidig –local currency
Assuranceforeningen SKULD –Gjensidig-local currency
Avinor AS
DnB Bank ASA
Eksportfinans ASA
Fjellinjen AS
Gjensidige, local currency
Gjensidige Bank ASA
Gjensidige Bank Boligkreditt AS
KBN Kommunalbanken Norway
Kommunal Landspensjonskasse, local currency
Nordea Bank Norge ASA
Norges Statsbaner AS
Norsk Hydro ASA
Norske Skogindustrier ASA
Norway (Kingdom of)
Norwegian Hull Club, local currency
Oslo (City of)
Petroleum Geo-Services ASA
Statkraft AS
Statkraft Energi AS
Statkraft SF
Statnett SF
Statoil ASA
Statoil Forsikring AS, local currency
Storebrand ASA
Storebrand Bank ASA
Storebrand Livforsikring AS
Telenor ASA
Yara International ASA
A+/Stable
A/stable
A-1+
A-1
B
A-1+
A/Stable
A-2
A-2
A-1+
A-/Negative
A-1+
A-1+
A-2
C
A-1+
A-/Stable
A-2
A-2
A-2
A-1
A-1+
A+/Stable
A-2
A-/Negative
A-2
A-2
SWEDEN
Agria Ins. Co. Ltd., local currency
Akademiska Hus AB
Alfa Laval AB
Apoteket AB
Assa Abloy AB
Atlas Copco AB
Autoliv AB
Borås (City of)
Bravida Holding AB
Danske Bank A/S, Swedish branch
Dometic Group AB
Dometic Holding AB
Electrolux, AB
A-pi
Standard & Poor´s, 1/8/2014
A-1+
K-1
A-1
A-2
A-1
A-2
A-1+
K-1
K-1
K-1
K-1
K-1
A-2
A-2
K-1
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Outlook
Short-term
rating
Nordic
short-term
rating
Stable
Negative
A-2
A-2
K-1
K-1
Stable
A-1+
K-1
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Negative
A-1+
K-1
A-1+
A-1+
A-2
A-1+
K-1
K-1
K-2
K-1
A-2
A-1+
A-1+
A-1+
A-1
A-1
A-1+
A-1+
A-1+
A-2
K-1
K-1
K-1
K-1
K-1
K-1
K-1
K-1
K-1
K-1
A-1
A-1+
A-1+
A-1
K-1
K-1
K-1
A-1+
A-1+
A-1+
K-1
A-1
A-2
K-1
K-1
A-1
A-2
A-2
K-1
K-1
K-2
Issuer
Long-term
rating
E.ON Sverige AB
Ericsson (Telefonaktiebolaget L.M.)
ABBB+
ERV Försäkringsaktiebolag, local currency
Fastighets AB Förvaltaren
Fysikhuset Stockholm KB, issue rating
Förvaltnings AB Framtiden
Gard Marine & Energy Försäkring AB, local currency
Göteborg (City of)
Helsingborg (City of)
Holmen AB
Huddinge (Municipality of)
If P&C Insurance Ltd. (publ)
Industrivärden AB
Investor AB
Jönköping (Municipality of)
Kommuninvest i Sverige AB
Landshypotek Bank AB
LE Lundbergföretagen AB
Lejonfastigheter AB
Linköpings Stadshus AB
Lund (Municipality of)
Lunds Energikoncernen AB
Länsförsäkringar AB
Länsförsäkringar Sak Försäkrings AB, local currency
Länsförsäkringar Bank
Malmö (City of)
MKB Fastighets AB
NASDAQ OMX Stockholm AB
Nobina AB
Nobina Europe Holding AB
NorCell 1B AB (publ)
NorCell Sweden Holding2 AB (publ)
Nordea Bank AB
Nordea Hypotek AB
Norrköping (Municipality of)
Octapharma Nordic AB
Perstorp Holding AB (publ)
PRI Pensionsgaranti Mutual Insurance Co., local currency
Rikshem AB
Sandvik AB
SAS AB
SBAB Bank AB
Scania (publ.) AB
Securitas AB
Sirius International Insurance Corp., local currency
Skandinaviska Enskilda Banken AB (publ)
SKF AB
Sparbanken 1826
Specialfastigheter Sverige AB
SSAB AB
Stadshypotek AB
Stena AB
Stockholm (City of)
Stockholm County Council
BBBpi
AAAAA
AAA+
AA+
AAA
BBB
AA+
A
AAAAA+
AAA
A
A+
AAAA+
AAA
BBB+
AA
A
AAA
AAA+
B
B
B
B
AAAA+
NR
CCC+
A
ABBB+
BA
ABBB
AA+
BBB+
BBB+
AA+
BB
AABB
AAA
AA+
Stable
NR
Stable
Stable
Stable
Stable
Stable
Negative
Positive
Stable
Stable
Negative
Stable
Stable
Stable
Negative
Negative
Stable
Stable
Stable
Stockholms Kooperativa Bostadsforening
Stångåstaden, AB
Sundsvall (Municipality of)
Svenska Cellulosa Aktiebolaget SCA
Svenska Handelsbanken AB
Sveriges Riksbank
Swedbank AB
Swedbank Mortgage AB
AAAAAA+
BBB+
AAAAA
A+
A+
Stable
Stable
Stable
Positive
Negative
Stable
Stable
Stable
FSR
BBBpi
Standard & Poor´s, 1/8/2014
A+/Stable
A/Stable
A/Stable
K-1
A/Stable
A-/Stable
A-1
A-2
A-1+
B
A-1+
K-1
K-1
A-1+
A-1+
K-1
K-1
A-1+
A-1+
A-1+
A-2
A-1+
A-1+
A-1
A-1
K-1
K-1
K-1
K-1
K-1
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Issuer
Swedbank Sjuhärad AB
Sweden (Kingdom of)
Sweden Reinsurance Co. Ltd.
Sveriges Ångfartygs Assurans Förening (The Swedish Club)
local currency
Swedish Export Credit Corp.
Swedish Match AB
Södertälje (Municipality of)
Tekniska Verken i Linköping AB
TeliaSonera AB
Trygg-Hansa Försäkrings AB, Publikt., local currency
Täby (Municipality of)
Unilabs Holding AB
Uppsala (City of)
Uppsalahem AB
Vattenfall AB
Vellinge (Municipality of)
Verisure Holding AB
Volkswagen Finans Sverige AB
Volvo, AB
Västerås (City of)
Västra Götaland (Region of)
Örebro (Municipality of)
Östersund (Municipality of)
Long-term
rating
Outlook
Short-term
rating
BBB+
AAA
Stable
Stable
A-2
A-1+
Nordic
short-term
rating
FSR
NR
BBB+
AA+
BBB
AA+
A
AAAAA
B
AA+
AAAAAA
B
Stable
Stable
Stable
Stable
Stable
Stable
WD
Stable
Stable
Stable
Stable
Stable
Stable
Stable
BBB
AA+
AAA
AA+
AA+
Nordic Investment Bank
AAA
PROJECT FINANCE
issue rating
Njord Gas Infrastructure AS
BB
Stable
Solveig Gas Norway AS
BBB-
Negative
BBB+Stable
A-1+
A-2
A-1+
A-1
A-2
K-1
K-1
K-1
A/WN
K-1
A-1+
A-1+
A-2
A-1+
K-1
K-1
K-1
K-1
Negative
Positive
Stable
Stable
Stable
A-2
A-1+
A-1+
A-1+
A-1+
K-1
K-2
K-1
K-1
K-1
K-1
Stable
A-1+
OTHERS
STRUCTURED FINANCE, issued by
Bilkredit 4 Ltd.
Nordax Sverige 3 AB (Publ)
SCL - Scandinavian Consumer Loans II
Swedish Consumer Credits No.1 Ltd.
COVERED BONDS, issued by
AB Sveriges Säkerställda Obligationer (publ) (The Swedish
Covered Bond Corp.)
Bank of Åland PLC
BRFKredit A/S
Danske Bank A/S
DLR Kredit A/S
DNB Boligkreditt AS
Gjensidige Bank Boligkreditt AS
Landshypotek Bank AB
Länsförsäkringar Hypotek
Nordea Hypotek AB
Nordea Kredit Realkredit A/S
Nykredit Realkredit A/S
OP Mortgage Bank
Realkredit Danmark A/S
Swedbank Mortgage AB
Totalkredit A/S
*= change since last ratinglist
SD = Selective Default
FSR = Financial Strength Rating. Previously known as Claims-Paying Ability rating (CPA)
CW= CreditWatch
pi= Public information
NR= Not rated
NM= Not meaningful
Standard & Poor´s, 1/8/2014
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