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DBRS trims Danske Bank
DBRS said it downgraded the long-term issuer rating of Danske Bank A/S to A (low) from A. The trend on the bank’s ratings is now stable.
“The downgrade of Danske’s long-term issuer rating to A (low) reflects the pressure on the bank’s revenues from expected lower lending volumes amid the Covid-19 pandemic, and the continuation of the ultra-low interest rate environment,” DBRS said in a press release.
The stable trend reflects the view the ratings are well-placed at the current level, DBRS said.
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