April 2, 2019
Fitch places Swedbank on rating watch negative. The rating watch on Swedbank reflects Fitch's view that the ongoing allegations of its potential involvement in money laundering through its Baltic operations, and specifically Estonia, have revealed weakness in the bank's management, which could ultimately affect its franchise.
April 2, 2019
Moody's affirms all ratings of Swedbank AB and changes outlook to negative from stable. The rating action follows the sequence of events around alleged money laundering, and governance issues that resulted in the Swedish Economic Crime Authority undertaking preliminary investigations, including whether the bank had misled the public and markets regarding money laundering. The sequence of events also led to the departure of its previous President and CEO.
April 1, 2019
S&P places Swedbank AB Ratings on watch negative due to implications of authorities' investigations into alleged money laundering. The bank is undertaking management changes following the board of directors dismissing the CEO. S&P intend to resolve the creditwatch within three months.
September 27, 2018
Moody's affirmed Swedbank’s long-term deposit and senior unsecured debt ratings, while downgrading the high-trigger Additional Tier 1 (AT1) rating following the Swedish FSA's decision to move the risk-weight floor for Swedish mortgages from pillar II to pillar I.
April 20, 2018
Moody's Investors Service upgraded the long-term deposit and senior unsecured debt ratings of Swedbank to Aa2 from Aa3. Moody's also placed the high trigger AT1 ratings of Swedbank AB on review for downgrade as there will be negative pressure on these if the Swedish FSA adopts the current proposal to move the risk-weight floor for mortgages from pillar II to pillar I.
November 24, 2017
S&P affirmed the rating at AA- and revised the outlook to stable, from negative. The stable outlook reflect S&Ps view that Swedbank will maintain resilient earnings and capital as Sweden's economy benefits from improvements in Europe's economic environment and the domestic housing market adjusts to higher volumes and stricter amortization requirements. S&P also anticipate that Swedbank will build considerable ALAC buffers in the coming years as the bank fulfils its MREL requirement.
May 26, 2016
Fitch upgraded Swedbank's ratings to AA- and F1+ with a stable outlook. The upgrade reflects Swedbank's strong execution of its low-risk strategy since 2009, and Fitch's
expectation that this strategy will continue under the new management team. The rating also reflect Swedbank's strong retail franchise, solid asset quality, and strong capitalisation.
February 17, 2016
S&P affirmed Swedbank's ratings to AA- and A-1+ following the departure of the CEO's; the outlook remains negative. S&P see no immediate risks to Swedbank's earnings or strong business position.
December 2, 2015
S&P upgraded Swedbank's ratings to AA- and A-1+ which reflect S&Ps view of Sweden's ongoing support to the systemically important banks. As a consequence, S&P has removed the negative adjustment notch in place since the raised standalone rating in June, which reflected an expected negative transition due to the potential removal of government support.
The outlook of the rating was changed to negative, reflecting S&Ps view of heightened economic risk for Swedish banks due to the current trend in house prices and household debt.
June 25, 2015
S&P raised Swedbank's standalone rating to a+ and affirmed the final rating at A+. The outlook was changed to stable, from negative. The main drivers are a stable management, strong key ratios in efficiency, and earnings stability.
June 17, 2015
Moody’s upgraded Swedbank to Aa3. The upgrade reflects Moody’s estimation that Swedbank’s strong asset quality and stable earnings generation, underpinned by focused management and established franchise in Sweden and the Baltic countries, position the bank well to manage challenges coming from the low interest-rate environment, developments in mobile banking, and competition in historically more profitable activities.
June 09, 2015
Fitch affirmed the rating, with a positive outlook. Fitch restated they expect to upgrade the rating to AA- provided Swedbank continue to build on the current track record.
June 24, 2014
Fitch revised its outlook for Swedbank from 'stable' to 'positive'. The change is a direct action due to Swedbank's strong asset quality, stable earnings and strong capitalisation.
May 29, 2014
Moody's revised the outlook for Swedbank, Swedbank Mortgage, together with a large number of European banks to negative, also as a part of the implementation of BRRD - and that this will lead to lower government support going forward.
April 29, 2014
S&P announced that they are increasing the assessment of our 'capital and earnings position' to 'strong' from 'adequate'. This will increase our stand alone rating (SACP) to 'a' from 'a-'. Due to a technicality in S&P's rating methodology the support will simultaneously fall to +1 from +2 and therefore there is no rating effect at this time. Yet, at the same time S&P is changing the rating outlook to negative, from stable. This is driven by an assumption that as a consequence of the implementation of BRRD government support will diminish for all European banks going forward. This assessment is part of a European wide review of S&P’s support assumptions. This review should be finalised at the latest at year-end 2015.
July 19, 2013
S&P revised its outlook on Swedbank AB to stable from negative, a reflection of the assessment of Swedbank's increased ability to manage higher economic risks in Sweden. S&P highlights Swedbank's strong capital and earnings, which are expected to keep improving over the next two years. At the same time, Swedbank AB's and Swedbank Mortgage AB's A+ long-term and A-1 short-term counterparty credit ratings were affirmed.
June 4, 2013
Moody's Investors Service upgraded Swedbank AB's long-term debt and deposit and issuer rating to A1 from A2. The outlook is stable. According to Moody’s, the upgrade is motivated by Swedbank’s strengthened risk profile, a result of 1) sustainable reduction of its risk profile and strengthening of the bank’s corporate governance; 2) the continued reduction of problem loans and stabilisation of revenues; and 3) enhanced capital levels and improved funding profile.