Go to search feature Go to content

You need to use a different browser. To be able to use our internet services, you can instead use one of these browsers: Apple Safari, Google Chrome, Microsoft Edge or Mozilla Firefox.

Read more about recommended browsers

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.




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