NCR has assigned Resurs Bank's credit rating to BBB- with a stable outlook
Following its annual review, the credit rating institute Nordic Credit Rating, NCR, has assigned Resurs Bank's credit rating at BBB- (stable outlook). The adjustment from the previous BBB (negative outlook) has been made as a result of the higher level of credit losses.
Today, after its annual review, NCR has assigned the rating as BBB- with a stable outlook. 2024 was characterised by a strained macro situation, which has had a negative impact on Resurs's customers. The initial months were particularly strained, but from March onwards losses have stabilised, albeit at an elevated level. The higher level of credit losses has primarily prompted NCR's adjustment of the credit rating.
At the same time, NCR emphasises that Resurs has good profitability, good access to financing and liquidity, as well as a diversified business model and long experience of offering credit products. Since May 2019, NCR has followed Resurs Bank and continuously had an investment grade rating of the company.
Contact for media questions:
Sofie Tarring Lindell, CFO and Head of IR, +46-73-644 33 95, sofie.tarringlindell@resurs.se
Måns Renntun, Head of Communications, +46-709-84 96 20, mans.renntun@resurs.se
