Training on banks and NBCOs, January 30–31

ACRA withdraws the credit rating of Danske Bank due to cancellation of its banking license

ACRA has withdrawn, without affirmation, the credit rating at AAA(RU), outlook Stable, of Danske Bank due to cancellation of its banking license.

Regulatory disclosure

The credit rating of Danske Bank was assigned under the national scale for the Russian Federation and is based on the Methodology for Credit Ratings Assignment to Banks and Bank Groups Under the National Scale for the Russian Federation, the Methodology for Analyzing Relationships Between Rated Entities and Supporting Organizations Registered Outside the Russian Federation, and the Key Concepts Used by the Analytical Credit Rating Agency Within the Scope of Its Rating Activities.

The credit rating of Danske Bank was first published by ACRA on June 9, 2018.

ACRA provided additional services to Danske Bank. No conflicts of interest were discovered in the course of credit rating assignment.

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