Moody’s Downgrades Three Nordic Banks

Moody’s Investors Service has downgraded Norway’s DNB and Sweden’s Nordea and Handelbanken because of their reliance on market funding, competition for retail loans and their exposure to the euro zone debt crisis.

  • 25 May 2012

Moody’s Investors Service has downgraded Norway’s DNB and Sweden’s Nordea and Handelbanken because of their reliance on market funding, competition for retail loans and their exposure to the euro zone debt crisis.

Click here to read the story from Reuters.

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