November 22, 2024 14:53 GMT
FINANCIALS: Fitch Upgrades Nykredit Realkredit
FINANCIALS
Fitch Upgrades Nykredit Realkredit
Snr Pref to AA-
Snr non-Pref A+
Tier 2 - A-
AT1 - BBB
Primary driver is increased earnings diversification and stability, particularly from the wealth management services. Operating profit also expected to remain > 2.5% of RWA's
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