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20.06.2023
Creditreform Rating (CRA) affirms Nordea Bank's (Group) Long-Term Issuer Rating at AA-. The rating outlook is stable.
CRA affirms Nordea Bank's Preferred Senior Unsecured Debt at AA-, Non-Preferred Senior Unsecured Debt at A+, and downgrades Tier 2 Capital to BBB+ and AT1 Capital to BBB.
CRA affirms the Long-Term Issuer Rating of the Group's subsidiary Nordea Mortgage Bank Plc at AA-, which reflects Nordea Bank Abp's (Group) Long-Term Issuer Rating, in line with our methodology. The Tier 2 rating of Nordea Mortgage Bank Plc is set to not rated (n.r.) due to lack of eligible securities.
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10.08.2022
Creditreform Rating has raised the Long-Term Issuer Rating of Nordea Bank Abp from 'A+' to 'AA-'. The outlook is is affirmed at 'stable'. The rating of 'Additional Tier 1' capital is raised from 'BBB-' to 'BBB+'. The rating of 'Tier 2' capital is raised from 'BBB' to 'A-'. The rating of 'Non-Preferred Senior Unsecured' is raised from 'A-' to 'A+'. The rating of 'Preferred-Senior Unsecured' debt is raised from 'A' to 'AA-'. For further information, please refer to our Rating Report on our website.
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26.08.2021
Creditreform Rating has affirmed the rating of Nordea Bank Abp (Group) at A+. The outlook remains stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 capital at BBB-, the rating of Tier 2 capital at BBB, the rating of Non-Preferred Senior Unsecured Debt at A- and the rating of Preferred Senior Unsecured Debt at A. For more details regarding the rating, we refer to our rating report on our homepage.
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06.07.2021
Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology Institutional Protection Scheme Banks. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
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04.09.2020
Creditreform Rating has lowered the rating of Nordea Bank Abp (Group) from AA- to A+. The outlook is stable. In addition, Creditreform Rating has also lowered the rating of Additional Tier 1 Capital from BBB to BBB-, the rating of Tier 2 Capital from BBB+ to BBB, the rating of Non-Preferred Senior Unsecured Debt from A+ to A- and the rating of Preferred Senior Unsecured Debt from AA- to A. For more details regarding the rating, we refer to our rating report on our homepage.
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28.03.2020
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
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05.07.2019
Creditreform Rating has affirmed the rating of Nordea Bank Abp (Group) at AA-. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 at BBB, the rating of Tier 2 at BBB+ and the rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) at AA-. Moreover, Creditreform has initially rated the Non-Preferred Senior Unsecured Debt at A+.
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21.06.2019
Creditreform Rating AG has revised its rating methodology for the rating of "Bank Capital and Unsecured Debt Instruments". Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
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08.05.2018
Creditreform Rating has set the rating of Nordea Bank AB to AA-, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Additional Tier 1 was set to BBB, the rating of Tier 2 to BBB+ and the rating of the Senior Unsecured to AA-.
