Credit ratings
SEB continuously focuses on improving the Group's rating. This is important, since a high rating over time implies lower funding costs and more business opportunities in the international capital markets. SEB is rated by Fitch, Moody's and S&P Global. Moody's also rates SEB's covered bonds.
The following table shows the current rating of SEB.
|
Fitch |
Moody's |
S&P Global |
|
| Stand-alone rating | aa- (viability rating) | a3 (baseline credit assessment) | A |
| Issuer credit rating |
AA- | Aa3 | A+ |
| Outlook | Stable | Positive | Stable |
| AT1 instruments | BBB+ | Baa3 (hyb) | |
| T2 subordinated debt | A | Baa1 | BBB+ |
| Senior non-preferred debt | AA- | A3 (junior senior) | A- (senior subord) |
| Senior unsecured debt | AA | Aa3 | A+ |
| Deposits | AA/F1+ | Aa3 | A-1 |
| Counterparty rating | AA(dcr) | Aa2/Prime-1 | AA- |
| Counterparty risk assessment | Aa2(cr)-Prime-1(cr) |
Most recent rating reports
Previous rating actions
Senior unsecured debt and deposits downgraded from Aa2 to Aa3 with Stable outlook following the Swedish resolution authority's proposal to amend its rules on MREL – Moody’s.
Changed from Negative to Stable outlook reflecting reduced downside risks as the economic recovery in SEB's home markets gathers pace - Fitch
Changed from Stable outlook to Negative outlook on senior unsecured debt and upgrade of AT1 instruments from Ba1 to Baa3 - Moody’s.
The changes are due to a change in the rating methodology in combination with anticipated lower volumes of senior unsecured funding.
Changed from Negative watch to Negative outlook – Fitch.
Changed from Stable outlook to Negative watch - Fitch
Upgraded to Aa2 – Moody’s
Upgrade of subordinated and junior subordinated debt – Standard & Poors.
Upgraded to AA- – Fitch
- Upgraded to Aa3 – Moody’s
- Changed outlook to stable – Standard & Poors
Contact us at SEB Investor Relations
Visiting address: SEB, Kungsträdgårdsgatan 8, Stockholm, Sweden
Switchboard: 0771-62 10 00, from abroad +46 771 62 10 00
Pawel Wyszynski, Head of Investor Relations +46 70 462 21 11
Philippa Allard, Senior Debt Investor Relations Officer +46 70 618 83 35
Per Andersson, Senior Investor Relations Officer +46 70 667 74 81
Amelie Blecher, Debt Investor Relations Officer +46 70 462 21 96
Malin Schenkenberg, Senior Investor Relations Officer +46 70 763 95 31