Moody’s writes in its press release dated April 27, 2011 that Eksportfinans’ Aa1 ratings are affirmed and that the outlook on the ratings is changed from negative to stable.
This positive change is based on Eksportfinans’ strong results in 2010, including the high level of new loan disbursements throughout the year. Moody’s highlights the de-risking of the company’s balance sheet and the strong quality of the liquidity buffer. In addition, Moody’s expects Eksportfinans to remain an attractive choice for export financing in the future. The rating agency also views the company’s strategy to be credible, which has contributed to the evaluation of Eksportfinans’ ratings.
Please click here to download the press release from Moody’s Investors Service (dated April 27, 2011)