HANSABANK

ANNOUNCEMENT

10.11.99

 

S&P RAISED HANSABANK'S RATING TO BBBpi

 

Today rating agency Standard & Poor's announced that it has raised 

its rating on Hansabank to triple-B - pi (public information from 

double-B - pi. Standard & Poor's explained the rating action by 

Swedbank's decision to increase its holding in Hansabank to 52.64%. 

The rating assigned to Hansabank reflect the bank's dominant 

position in the Baltic financial market, its strong capitalisation 

and good liquidity.

The rating assigned by S&P is based on publicly available 

information and is therefore unofficial.

 

Hansabank official rating is ordered from Moody's Investors Service 

and the ratings assigned to Hansabank are the following:

 

Long-term deposit rating:	Baa2

Short-term deposit rating:	Prime 3

Financial strength rating:	D+

 

Outlook for all the ratings is stable.

 

 

HANSABANK

 

 

Mart Toevere

Analyst

Tel. +372 61 31 569