Danske Bank A/S
Standard & Poor’s changes outlook for Danske Bank’s A rating to stable
Danske Bank A/S 13.07.2015 18:17 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Company announcement Group Communications Announcement No. 26/2015 Holmens Kanal 2-12 DK-1092 København K Tel. +45 45 14 56 95 13 July 2015 Standard & Poor's changes outlook for Danske Bank's A rating to stable Standard & Poor's (S&P) has changed its outlook for Danske Bank Group's A rating from negative to stable because of Danske Bank's improved earnings and improving capital base. The change has been made despite the fact that the implementation of the Bank Resolution Recovery Directive (BRRD) in Denmark in June 2015 led S&P to revise its rating of Danish banks because distressed banks are no longer expected to be bailed out by the Danish state. 'We see the change in outlook from S&P and the upgrade by Moody's in June as an acknowledgement of our initiatives in recent years, and our ratings now meet our strategic ambitions for 2015,' says Henrik Ramlau-Hansen, CFO of Danske Bank. Danske Bank's current ratings after the change of outlook by S&P: Moody's S&P Fitch Long-term A2 A A Short-term P-1 A-1 F1 Outlook Stable Stable Stable Danske Bank A/S Contacts: Claus Ingar Jensen, Head of Investor Relations, tel. +45 45 12 84 83 Kenni Leth, Group Press Officer, tel. +45 45 14 14 00 News Source: NASDAQ OMX 13.07.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Danske Bank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010274414 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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