Standard & Poor’s credit rating agency keeps S-Bank’s credit rating unchanged and raises its outlook to positive
S-Bank Plc, Stock exchange release, 29 June 2023 at 18.00 (EEST)
Standard & Poor’s credit rating agency keeps S-Bank’s credit rating unchanged and raises its outlook to positive
Global ratings agency Standard & Poor’s is keeping S-Bank’s credit rating unchanged at BBB/A-2. S&P raised its outlook for future performance from stable to positive on 29 June 2023.
The positive outlook reflects S&P’s expectation that S-Bank Plc’s acquisition of Svenska Handelsbanken AB’s Finnish private customer, asset management and investment services operations that was announced in May, and rising interest rates will have a positive impact on S-Bank’s business operations.
Read S&P’s press release (PDF)
Contact:
Riikka Laine-Tolonen, CEO
Eero Saloranta, Director, Corporate Banking and Treasury
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About S-Bank Plc
S-Bank is a Finnish bank and part of S Group. We exist to give everyone the possibility of a little more wealth. We have more than three million customers and we know their day-to-day life. We bring convenience and value to our customers through our easy-to-use digital services, for example. Being a full-service bank, we offer support to our customers every day and at the turning points in their lives. s-pankki.fi
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