OREANDA-NEWS. March 24, 2011. International ratings agency Fitch Ratings affirmed AB DnB NORD Bankas high long-term borrowing rating “A” with stable outlook. The rating assigned has been affirmed at the country’s ceiling set by the agency, reported the press-centre of DnB NORD Bankas.

With Norway’s largest financial institution becoming the sole ultimate owner of the bank, it has been decided that AB DnB NORD Bankas shall use the ratings of DnB NOR ASA bank. Fitch Ratings had assigned DnB NOR’s long-term issuer default rating at “A+” with stable outlook. Going forward no separate Fitch ratings shall be set for AB DnB NORD Bankas.

“We are proud about the high creditworthiness rating of the bank that reflects its stable and reliable performance throughout the entire economic slowdown. That sends a clear signal to the market that we are well positioned to provide financial services to our customers on very competitive terms - now and going ahead,” says dr. Vygintas Bubnys, 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 offers comprehensive range of financial services to more than 650 thousand individual and business customers in Lithuania.