Moody’s Ratings (Moody's) has today affirmed all ratings of Sparebanken Vest ahead of the merger with Sparebanken Sør on 2 May 2025, including its long-term deposit and senior unsecured debt ratings at Aa3 as well as the Baseline Credit Assessment (BCA) and Adjusted BCA at a3. The outlook on the long-term deposit and senior unsecured ratings of Sparebanken Vest remained stable.
Concurrently, Moody’s has upgraded Sparebanken Sør’s ratings in line with the ratings of Sparebanken Vest, before they are scheduled to be withdrawn when Sparebanken Sør ceases to exist in connection with the merger on 2 May 2025.
Press release is available here:
https://www.moodys.com/research/Moodys-Ratings-affirms-Sparebanken-Vests-ratings-and-upgrades-Sparebanken-Sors-Rating-Action--PR_506175
For further information, please contact:
Jan-Ståle Hatlebakk, Executive Vice President/CRO, tel.: +47 916 62 284
Frank Johannesen, Executive Vice President/CFO, tel.: +47 952 65 971
Brede Borgen Kristiansen, Director Finance, Operations and Investor Relations, tel.: +47 479 06 402
This information is subject to the disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.