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2013-07-08 13:12:36 CEST 2013-07-08 13:13:36 CEST REGLERAD INFORMATION Arion Bank hf. - Company AnnouncementReitun updates its credit rating for Arion Bank’s covered bondsReitun has given the covered bonds issued by Arion Bank an A rating, the same rating granted to the Icelandic sovereign. The highest achievable rating according to Reitun's rating scale is A+. This is the same rating as last year. The credit rating for the bonds is based both on the credit rating of Arion Bank and the collateral portfolio risk. In Reitun's opinion Arion Bank has strong liquidity and a robust capital base which should enable it to withstand shocks. The collateral securing the covered bonds is also robust and the likelihood of default is therefore low. The outlook is stable. For further information please contact: Bára Mjöll Þórðardóttir, Corporate Communications, Arion Bank bara.thordardottir@arionbanki.is; Tel: (+354) 856 7159. |
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