Danske Bank A/S' Baa1 rating affirmed, outlook changed to positive

London, 10 December 2013 -- Moody's Investors Service has today affirmed Danske Bank A/S' Baa1 long-term debt and deposit ratings,Ba1 (hyb) junior subordinated debt, Ba2 (hyb) preferred stock rating, P-2 short-term debt and deposit rating and C- bank financial strength rating (BFSR) which is equivalent to a standalone baseline credit assessment (BCA) of baa2. The rating outlook on all long-term debt and deposit ratings have been changed to positive from stable. The ratings on Danske Bank A/S (London branch) were affirmed at (P)Baa1/(P)P-2, with the outlook on the LT rating revised to positive from stable. The short-term backed commercial paper rating of P-2 on Danske Corporation was also affirmed.

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