OREANDA-NEWS. October 28, 2008. International credit rating agency "Standard & Poor's" affirmed the credit ratings assigned to Norddeutsche Landesbank Girozentrale (NORD/LB), the biggest bank in Northern Germany and indirect shareholder of DnB NORD Banka: long-term senior debt rating at invariably high "A" level, and short-term debt rating at "A-1", reported the press-centre of DnB NORD Banka.

"Due to the strained both global and domestic economic situation statements of international credit rating agencies concerning adverse trends in credit ratings and forecasts become more and more frequent.

Therefore I am particularly glad about the fact that the credit rating of indirect shareholder of DnB NORD Banka, the biggest bank in Northern Germany remains invariably high, thus demonstrating international appreciation of both the bank's stable operational activities and well-considered risk policy as well as sustainable growth of the bank's subsidiaries in the Baltic Rim region", explains the CEO of DnB NORD Banka Andris Ozolins.

The mother company of DnB NORD Banka, the bank DnB NORD, by combining expertise, knowledge and infrastructure of the biggest bank in Northern Germany NORD/LB and Norwegian leading finance holding DnB NOR, provides full scope of innovative and competitive financial services through its branch network in countries of the Baltic Rim region, i.e. Latvia, Estonia, Lithuania, Denmark, Finland, Poland, Germany, Norway, and Sweden.