DBRS Discontinues Danske Bank’s Guaranteed Debt Ratings

DBRS Ratings Limited (DBRS) has today discontinued the ratings of Danske Bank A/S’s (Danske or the Bank) Senior Unsecured Debt & Deposits Guaranteed by the Kingdom of Denmark and Short-Term Debt & Deposits Guaranteed by the Kingdom of Denmark. Danske redeemed all of its state-guaranteed funding by the end of July 2012. Today’s action does not affect the Bank’s Senior Unsecured Debt & Deposits rating, which remains at A (high) with a Stable trend.

Notes:
All figures are in DKK unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organisations. Other methodologies used include the DBRS Criteria – Intrinsic and Support Assessments. Both can be found on the DBRS website under Methodologies.

The sources of information used for this rating include publicly available company documents and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Lead Analyst: Peter Burbank
Rating Committee Chair: Alan G. Reid
Initial Rating Date: 18 January 2010
Most Recent Rating Update: 12 April 2012

For additional information on this rating, please refer to the linking document under Related Research.