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NCR confirms Resurs Bank’s credit rating BBB with changed outlook

The credit rating institute Nordic Credit Rating, NCR, confirms Resurs Bank’s credit rating BBB with adjusted outlook from stable to negative. The adjustment reflects the current uncertainty about future credit losses due to the macroeconomic environment.

NCR has monitored Resurs Bank since May 2019, always assigning the company an investment grade rating. Today NCR confirmed credit rating of BBB with adjusted outlook from stable to negative.

NCR states that profitability, sound liquidity position, and long experience in offering credit products are key factors for Resurs Bank. The adjustment is a result of the elevated credit loss ratio in the fourth quarter.

MORE INFORMATION:
Sofie Tarring Lindell, CFO and Head of IR, +46-73-644 33 95, sofie.tarringlindell@resurs.se

ABOUT RESURS HOLDING
Resurs Holding (Resurs), which operates through the subsidiary Resurs Bank, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of approximately six million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of Finansinspektionen. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the third quarter of 2023, the Group had 662 employees and a loan portfolio of SEK 39.8 billion. Resurs is listed on Nasdaq Stockholm.

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NCR confirms Resurs Bank’s credit rating BBB with changed outlook

Datum 2024-01-22, kl 13:30
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NCR confirms Resurs Bank’s credit rating BBB with changed outlook
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