Standard & Poor’s Confirms DNB Bank ASA Long-Term Credit Rating: A+

The Standard & Poor’s ratings agency has reaffirmed the long-term credit rating of A+ for Norway’s largest bank, the DNB Bank ASA, as well as its short-term credit rating of A-1.  S&P says that this means that the bank’s future prospects are stable.

The ratings agency explains that the high rating reflects the powerful business positions, adequate liquidity, risk positions and balance between capital and revenues for the DNB Bank.

“DNB can be seen as a systemic and essential financial institution in Norway’s banking system, and this has had a positive effect on the bank’s long-term credit rating,” says the S&P report.  It goes on to explain that the judgment about the bank’s stable long term perspective reflects the agency’s belief that the DNB Bank will be able to retain its powerful positions in the Norwegian market.

Late last year Norway’s largest bank took over the entire DnB NORD Group.  In order to expand operations and facilitate the establishment of an integrated banking group, all of the banks in the group took over the name DNB on November 11 of this year.