AS HANSAPANK

ANNOUNCEMENT

28.07.99

 

HANSABANK’S RATINGS

 

 

In May 1999 Hansabank was visited by an analyst-team from Moody’s 

Investors Service for a regular update of the bank’s ratings.

 

Based on the followed contacts with the rating agency Hansapank 

does 

not anticipate a change in its ratings. Among the positive 

developments Moody’s has highlighted the stronger market position, 

changed ownership structure and high capitalisation. On the other 

hand 

Moody’s has stressed the continuing weak economic climate and the 

fact 

that in a currency-board system, public institutions have very 

limited 

capabilities for providing support to financial institutions.

 

Ratings assigned to Hansabank by Moody’s Investors Service are:

Long-term deposit rating:       Baa3

Short-term deposit rating:      Prime 3

Financial strength rating:      D+

 

 

 

HANSABANK

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569