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Kaupthing Bank (STO:KAUP) Fitch has today downgraded Kaupthing Bank's credit ratings. The Bank's Long-term Issuer Default Rating (IDR) is downgraded from A- to BBB and the Bank's Short-term IDR is downgraded from F2 to F3. The Bank's support rating is affirmed at 2, Individual rating is downgraded from B/C to C, and Support Rating Floor is downgraded from BBB to BBB-. All ratings are placed on Rating Watch Negative.
Further information: Gudni Adalsteinsson - Chief Treasurer, +354 444 6126 or Jónas Sigurgeirsson - Chief Communications Officer, +354 444 6112.
About Kaupthing Bank Kaupthing Bank is a Northern European bank offering integrated financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients.
The Bank operates in all the Nordic countries, as well as an ever-growing number of countries throughout Europe, the Middle East and the United States. www.kaupthing.com
