Investor Presentation - First Nine Months 2022
Investor Presentation - First nine months 2022
Danske Bank's credit ratings
Long-term instrument ratings
Speculative grade Investment grade
Fitch
Moody's
Scope
AAA
Aaa
AAA
S&P
AAA
AA+
Aal
AA+
AA+
AA
Aa2
AA
AA
AA-
Aa3
AA-
AA-
A+
A1
A+
A+
A
A2
A
A
A-
A3
A-
A-
BBB+
Baal
BBB+
BBB+
BBB
Baa2
BBB
BBB
BBB-
Baa3
BBB-
BBB-
BB+
Bal
BB+
BB+
Fitch rated covered bonds - RD, Danske Bank
Moody's rated covered bonds - Danske Mortgage Bank
Scope rated covered bonds - RD
S&P rated covered bonds - RD, Danske Bank, Danske Hypotek
Counterparty rating
Senior unsecured debt
Non-preferred senior debt
Tier 2 subordinated debt
Additional Tier 1 capital instruments
Danske Bank
Credit ratings remain unchanged in Q3 2022
Credit ratings remain unchanged in Q3 2022, but the fast evolving direct and
indirect repercussions from the Russia/Ukraine war creates uncertainty on the
direction of rating trajectory.
S&P's Negative outlook on Danske Bank, and Fitch and Moody's Stable outlooks
on Danske Bank, incorporate the financial uncertainty relating to the fallout
from Estonia case.
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