Fitch alters Danske Bank view to stable

Fitch Ratings said it revised Danske Bank A/S' outlook to stable from negative. At the same time, Fitch affirmed the bank's and its mortgage bank subsidiary Realkredit Danmark A/S' issuer ratings at A.

“The revision of Danske's outlook reflects our view that its asset quality and profitability are likely to remain resilient under our updated assessment of various possible downside scenarios to our baseline expectation of a steady economic recovery. We expect 3.1% GDP growth in 2021 and 3.5% in 2022 in Denmark,” Fitch said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.