In addition to an AA- Issuer Rating, Scope assigns A+ and S-1+ senior unsecured and short-term debt ratings to Nordea Bank Abp, all with Stable Outlooks. This reflects the move of Nordea’s lead bank to Finland and transfer of all debt to its balance sheet

Scope Ratings has updated its rating report on Nordea Bank’s AT1 securities.

The Additional Tier 1 market reaches a landmark in 2018 as the earliest issues hit their first call dates. The investor base has grown, and terms and structures have standardised. But what lessons should be learned from developments in this market?

Scope Ratings has updated its rating report on Nordea Bank AB, rated AA- with Stable Outlook.

Rating upgrade reflects Scope’s view of these banks’ reassuring liquidity dynamics, positively impacted by European supervisors’ enhanced focus on bank liquidity and funding.

Scope Ratings has updated its rating report on Nordea Bank AB, rated AA- with Stable Outlook

The handbook includes an assessment of how risks in the AT1 market are evolving. Recent developments concerning Banco Popular and Bremer Landesbank demonstrate the importance of issuer fundamentals when evaluating the likelihood of incurring losses.

Scope Ratings has updated its rating report on Nordea’s AT1 securities.

Rating actions address forthcoming ranking of TLAC/MREL-eligible senior unsecured debt in insolvency and/or resolution resulting from proposed EC amendments to BRRD; the 11 banks’ unsecured debt ratings are unchanged at this time.

Aggregate amount of Tier 2 securities rated is equivalent to nearly EUR 40bn; all rated securities were issued publicly in 2015-2016 by banks already rated by Scope and qualify as Tier 2 capital under CRD IV-CRR.