SP Danske Bank Affirmed At A On Limited Fallout Expected From FSA Inspection Outlook StableSep212020
(WorldNews Denmark)

Research Update: Danske Bank Affirmed At `A/A-1` On Limited Fallout Expected From FSA Inspection; Outlook Stable September 21, 2020 Overview We expect the financial and business consequences of the Danish Financial Service Authority`s (FSA`s) inspection of Danske Bank`s debt collection review to be limited for the bank. We are therefore affirming our `A/A-1` ratings on the bank. We acknowledge that indications of additional material control and governance deficiencies could lead us to revise down our stand-alone credit profile and lower the ratings on the bank`s hybrid debt. The stable outlook reflects our expectation that, if the inspection turns up unfavorable findings, the bank`s senior...