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Stable outlook for Danske Bank’s rating from Standard & Poor’s

Company Announcement No 12/2013

Stable outlook for Danske Bank’s rating from Standard & Poor’s
Standard & Poor’s (S&P) has revised its ratings of a number of Nordic financial groups. In this connection, Danske Bank’s rating outlook has been changed from positive to stable. The Bank’s rating remains unchanged at A-/A-2.

The change in outlook is the result of a global analysis prepared by Standard & Poor’s, focusing on bank liquidity and funding risks. Standard & Poor’s concludes that there is an increased funding risk in Denmark attributable to the Danish mortgage credit system, including the short-term mortgage credit loans.

“We have noted S&P’s new analysis,” says Chief Financial Officer Henrik Ramlau-Hansen. “Danske Bank has for some time been taking steps to change the funding structure relating to short-term mortgage credit loans, and on the basis of S&P’s change of our outlook, we will consider whether further measures are needed.”

Danske Bank A/S

Henrik Ramlau-Hansen, Chief Financial Officer, tel. +45 45 14 06 66
Kenni Leth, Group Press Officer, tel. +45 45 14 56 83 / +45 51 71 43 68