2013-03-05 09:16:12 -
Moody's confirmed the A2 long-term senior debt and deposit ratings and Prime-1
short-term ratings of SpareBank 1 SMN. The outlook on the bank's ratings is now
- long-term senior debt and deposit ratings: confirmed at A2
- subordinated debt ratings: confirmed at Baa3(hyb)
- junior subordinated debt ratings: confirmed at Baa3(hyb)
- Tier 1 hybrid ratings: confirmed at Ba1(hyb)
- short-term ratings: confirmed at P-1
The C- standalone BFSR (stable outlook), equivalent to a baa2 BCA, is not
All ratings now carry a stable outlook.
Contact persons at SpareBank 1 SMN:
Executive Director, Finance, Kjell Fordal on (47) 905 41 672
About SpareBank 1 SMN
SpareBank 1 SMN is the region's leading financial services group. It leads the
retail and corporate market, and is positioned in 43 localities across the
region's municipalities with a
total of 51 offices.
We aim to be the recommended bank for customers in Trøndelag and in Møre and
Romsdal. Being a local, independent savings bank we feel a special
responsibility for stimulating growth and prosperity in the region. We base our
business on closeness to our customers, good accessibility, a full product range
and comprehensive financial advisory services.
Our head office is in Trondheim. The Group employs about 1,200 staff and
includes the following subsidiaries: SpareBank 1 SMN Finans, EiendomsMegler 1
Midt-Norge, Allegro Finans and SpareBank 1 SMN Regnskap. It is the largest
shareholder in BN Bank with a 33% stake.
SpareBank 1 SMN is one of six owners of SpareBank 1 Gruppen. For further
information, visit our website at www.smn.no.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
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other applicable laws; and
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originality of the information contained therein.
Source: SpareBank 1 SMN via Thomson Reuters ONE