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***	Aa3	A	A+
Outlook	Stable	Negative	Stable
Covered Bonds	Aaa	AAA	AAA

Sampo Bank

	Moody's	S&P*	Fitch
Short-term	P-1	A-1	Not rated
Long-term	A1	A	Not rated
Outlook	Stable	Negative	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	--	A	--
Outlook		Negative

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)	July 2010 (320 KB)
Update	February 2009 (70 KB)	December 2009 (425 KB)  February 2009 (354 KB) - Long term debt	July 2010 (20 KB)

Realkredit Danmark****

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

Danica Pension

	Moody's	S&P*	Fitch
Full report		September 2007 (0.5 MB)  December 2009 (0.5 MB)

* © by Standard & Poor's, A Division of the McGraw-Hill Companies, Inc. Reproduced with permission of Standard & Poor's. For more information on Standard & Poor's ratings, products and services, visit http://www.standardandpoors.com.
** Issues under the state guarantee (termination 30.09.2010): P-1/A-1+/F1+.
*** Issues with general and individual state guarantee: Aaa/AAA/AAA.
**** The rating applies to bonds issued by Realkredit Danmark.


Danske Bank's long-term rating history


Last updated on 20 July 2010