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Moody's Investor Service has concluded the Review on the Ratings of SpareBank 1 Nord-Norge


March 5, 2013 - London

Moody's downgraded 5th of March SpareBank 1 Nord-Norge's long-term senior debt and deposit ratings to A2 from A1 with a stable outlook and affirmed its Prime-1 short-term ratings.

- long-term senior debt and deposit ratings:downgraded to A2 from A1
- subordinated debt ratings: downgraded to Baa3 from Baa2
- junior subordinated debt ratings: downgraded to Baa3 from Baa2
- Tier 1 hybrid ratings: downgraded to Ba1 (hyb) from Baa3 (hyb)
- short-term ratings: confirmed at P-1

The C- standalone BFSR (stable outlook), equivalent to a baa2 BCA, is not affected. All ratings now carry a stable outlook.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: SpareBank 1 Nord-Norge via Thomson Reuters ONE

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