Fitch affirms high DnB NORD Bankas creditworthiness rating

International ratings agency Fitch Ratings on Thursday affirmed AB DnB NORD Bankas high long-term borrowing rating A revising its outlook to negative from stable that mirrored the agency‘s Wednesday‘s downwards revision of long-term foreign currency issuer default rating of the Republic of Lithuania to 'BBB'/Negative Outlook. This is the top rating that any corporate might have in Lithuania after Fitch Ratings had set the country’s ceiling at A.

Fitch Ratings affirmed AB DnB NORD Bankas short term borrowing rating F1, individual rating “C/D” and the support rating “1”.

“Such a high creditworthiness rating of AB DnB NORD Bankas as a reliable financial partner is particularly important now as it allows us to continue offering our customers savings, investment and lending services on very competitive terms even in the adverse economic environment,” said the CEO of AB DnB NORD Bankas Werner Schilli.

AB DnB NORD Bankas is a universal commercial bank that is part of international DnB NORD banking family setup by the Norway‘s largest financial institution DnB NOR and North Germany‘s largest bank NORD/LB.