Investor Presentaiton
Investor Presentation - First quarter 2023
Three distinct methods for rating banks
Rating methodology
Anchor
SACP1
1
2
S&P Global
Ratings
MOODY'S
bbb+
+1
+1
+
Danske Bank
Danske Bank's rating
3
Potential
CRA¹
adjustment
Extraordinary
SACP2 + external
support
ALAC
=
Issuer rating
-1
1 = Business Position, 2=Capital & Earnings, 3=Risk Position, 4= Funding & Liquidity
Macro
profile
+ 1
+
2 +3
+
0
a-
+2
A+
(Stable]
Quali-
4
+ 5
+ tative
factors
BCA3 +
Affiliate
support
+ LGF4
Gov.
support
Issuer
rating
Strong
Plus
a3
al
ba2
baa3
baa2
1=Asset Risk, 2=Capital, 3-Profitability, 4=Funding Structure, 5=Liquid resources
-1
baa2
+1
+1
A3
(Stable)
Operating
environment
+
Business
Profile
+
+
+
Risk
Asset Earnings & Capitalisation
Profile Quality Profitability & Leverage
+
+
Funding &
Liquidity
Viability
Rating
Fitch Ratings
Government
Support
Issuer
rating
aa-
a+
a+
a
a-
a
a+
a
ns5
[Stable]
A
1 Comparable ratings analysis 2 Stand-Alone Credit Profile 3 Baseline Credit Assessment 4 Loss Given Failure 5 No support.
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