Ratings

The Danske Bank Group is rated by the three major international credit rating agencies: Moody’s, Standard & Poor’s (S&P) and Fitch Ratings.

Danske Bank

	Moody's	S&P*	Fitch
Short-term	P-1	A-1+	F1+
Long-term	Aa1	AA-	AA-
Outlook	Stable	Stable	Stable

Sampo Bank

	Moody's	S&P*	Fitch
Short-term	P-1	A-1+	Not rated
Long-term	Aa1	AA-	Not rated
Outlook	Stable	Stable	Not rated

Realkredit Danmark**

	Moody's	S&P*	Fitch
Covered bonds (mortgage bonds)	Aaa	AAA	--
Outlook	Stable	Stable

Danica

	Moody's	S&P*	Fitch
Long-term/Insurer financial strength	--	AA-	--
Outlook		Stable

Rating reports
In the tables below, you can download rating reports on Danske Bank and subsidiaries in PDF.

Danske Bank

	Moody's	S&P*	Fitch
Full report	November 2007 (380 KB)	October 2007 (523 KB)	June 2007 (132 KB)
Summary	November 2006 (0.1 MB)	April 2008 (382 KB)	June 2007 (49 KB)

Realkredit Danmark**

	Moody's	S&P*	Fitch
Full report	December 2003 (0.3 MB)	July 2005 (0.2 MB)
Summary		March 2005 (0.1 MB)

Danica Pension

	Moody's	S&P*	Fitch
Full report		September 2007 (0.5 MB)

* © by Standard & Poor's, A Division of the McGraw-Hill Companies, Inc. Reproduced with permission of Standard & Poors's. For more information on Standard & Poor's ratings, products and services, visit http://www.standardandpoors.com.

** The rating applies to bonds issued by Realkredit Danmark.


Danske Bank's long-term rating history




Last updated on July 3, 2008