Posts Tagged ‘ Fitch ’

Vikings self diagnose, while Fitch sees banks ready for ‘storm’

Apr 29th, 2016
Nordic Flags

Low rates are the most significant risk to Danish and Finnish banks in the next two years, according to delegates surveyed by Fitch this week, with household indebtedness considered the biggest risk for Swedish banks and oil prices for Norwegians, but the rating agency said Nordic banks are well positioned for the oncoming “storm”.

Fitch sees positive 2016 for major Nordic banks

Dec 11th, 2015

Fitch sees potential for upgrades of major Nordic banks in 2016, it said yesterday (Thursday), with SEB and Swedbank leading the positive outlook, although the timing of such rating actions would depend on how successfully sustainable long term performance and conservative credit risk profiles are balanced.

Fitch sees Swedish systemic mortgage risks rising

Jul 17th, 2015

Systemic risks in Sweden’s mortgage market are increasing, Fitch said on Wednesday, adding that any disruptions could hit the wider banking sector, although it noted that banks are mitigating the risks while households have good debt servicing capabilities and rated banks are strongly capitalised.

QE trumps fundamentals, Vikings tell Fitch

May 1st, 2015
ECB new premises image

A clear majority of delegates at a Fitch Rating Viking Tour 2015 expect the European Central Bank’s quantitative easing programme to be the driver of European credit market performance this year, the rating agency found.

New Norwegian act to tweak Boligkreditt insolvency treatment

Nov 28th, 2014

A new Norwegian Act on Financial Institutions being considered by parliament will amend the country’s covered bond framework so that covered bond issuers are treated the same as banks in the event of insolvency, and will also repeal Norway’s securitisation law.

Fitch: Danish bill tackles consequences, but not causes

Mar 27th, 2014
Christiansborg Castle, seat of the Danish government

A Danish bill on conditional mortgage bond maturity extensions will help reduce liquidity risk, but does not on its own reduce refinancing risk in the country’s mortgage system, said Fitch, urging the industry to continue its efforts to tackle this risk by other means.

Fitch sees merits and questions in Danish plan

Nov 28th, 2013

A Danish government plan under which bonds refinancing Danish ARMs would automatically extend in certain stressed scenarios would greatly reduce associated refinancing risks, according to Fitch, but the rating agency on Wednesday also said that there are questions regarding details of its implementation.

Swedbank upped with funding cited, Danske better on Ireland

Jun 6th, 2013

Moody’s has upgraded Swedbank because it considers that the bank’s credit profile has strengthened, and Fitch revised the outlook on Danske Bank from negative to stable due to lower risk from its Ireland exposure.

Fitch cut to RD Capital Centre T ‘fully anticipated’

Nov 1st, 2012
Realkredit Danmark image

Fitch cut Capital Centre T covered bonds issued by Realkredit Danmark from AAA to AA+ on Tuesday, with an official at the issuer noting that the rating action was fully anticipated in light of rating methodology changes, and that it expects to eventually be able to regain a triple-A rating.

Nordic banks’ strengths aid lead in Tier 2 issuance, says Fitch

Sep 13th, 2012

Nordic banks’ strong credit stories have been a key factor in enabling their position alongside Dutch banks at the head of a wave of lower Tier 2 issues hitting the market since last week, Fitch said on Tuesday.