Moody's upgrades DNB Bank ASA's ratings

Moody’s concluded today their rating review on DNB Bank ASA. The review was initiated on 17 March 2015 following the publication of Moody’s revised bank rating methodology and revisions to Moody’s government support assumptions.

Moody’s upgraded DNB Bank ASA’s baseline credit assessment (BCA) from baa1 to a3, the long-term senior unsecured debt rating from A1 to Aa3, and the deposit rating from A1 to Aa2. As a result of the upgrade on DNB’s BCA, ratings on the bank’s subordinated instruments were also upgraded 1 notch. Furthermore, Moody’s now, as part of their new rating methodology, assigns Counterparty Risk (CR) assessments. DNB’s CR assessment was set at Aa1(cr). All ratings carrying outlooks are now stable.

For further details and complete overview of all rating upgrades related to DNB Bank ASA, please see attached press release.

VEDLEGG MOODY’S PRESS RELEASE

Overview of DNB Bank ASA’s official long-term senior unsecured ratings:

Moody’s: Aa3, Stable outlook

Standard & Poor’s: A+, Stable outlook

DBRS: AA, Under Review Negative