OREANDA-NEWS. March 11, 2010. International ratings agency Fitch Ratings on Monday affirmed AB DnB NORD Bankas high long-term borrowing rating at “A”, revising its outlook to stable from negative. This rating assigned to the bank is at the country’s ceiling set by the agency, reported the press-centre of DnB NORD Bankas.

The revision of DnB NORD Bankas’ rating outlook follows Fitch’s upgrade of Lithuania’s sovereign rating (BBB) outlook to stable from negative.

“We are pleased that with Lithuania’s economy demonstrating early signs of stabilization the affirmed high creditworthiness ratings of DnB NORD Bankas allow us to continue offering our customers savings, investment and lending services on very competitive terms,“ said Werner Schilli, the president of and the chairman of the management board of AB DnB NORD Bankas.

Fitch Ratings also affirmed AB DnB NORD Bankas short term borrowing rating F1, individual rating „D/E“ and the support rating „1“.

AB DnB NORD Bankas is a universal commercial bank that is part of international DnB NORD banking family setup by the Norway‘s largest financial institution DnB NOR and North Germany‘s largest bank NORD/LB.