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**	A2	A	A
Outlook	Under review	Negative	Negative

Danske Bank - Covered Bonds

	Moody's	S&P*	Fitch
Cover pool D	Aaa	AAA	AAA
Cover pool I	Aaa	AAA	AAA
Cover pool C	Not rated	AAA	AAA
Cover pool R	Not rated	Not rated	Not rated

Sampo Bank

	Moody's	S&P*	Fitch
Short-term	P-1	A-1	Not rated
Long-term	A1	A	Not rated
Outlook	Under review	Negative	Not rated
Covered bonds	Aaa	Not rated	Not rated

Realkredit Danmark***

	Moody's	S&P*	Fitch
General capital centre	--	AAA	--
Outlook		Stable
Capital Centre S		AAA
Outlook		Stable
Capital Centre T		AAA
Outlook		Stable

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

Danske Bank

	Moody's	S&P*	Fitch
Full report	December 2011 (640 KB)	December 2010 (505 KB)	January 2012 (391 KB)
Update	April 2012 (128 KB)	December 2011 (393 KB)  February 2009 (354 KB) - Long term debt	April 2011 (248 KB)

Realkredit Danmark***

	Moody's	S&P*	Fitch
Full report		July 2005 (0.2 MB)
Update		March 2005 (0.1 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 with general and individual state guarantee: Aaa/AAA/AAA.
*** The rating applies to covered bonds (mortgage bonds) issued by Realkredit Danmark.

Danske Bank's long-term rating history

Last updated on 7 May 2012