Ratings

The Danske Bank Group has been rated by the three large 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
You can download rating reports on Danske Bank and subsidiaries in PDF. You can read PDF documents with Adobe Reader and the program is free of charge. You can download it from Adobe's Web site.

Danske Bank

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

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 the bonds issued by Realkredit Danmark


Historical development of Danske Bank's long-term rating




Last updated on July 3, 2008