Ålandsbanken - Company Announcement

Bank of Åland Plc: Standard & Poor’s raises its credit rating on all covered bonds issued by the Bank of Åland Plc to AAA with a stable outlook

Mariehamn, 2015-05-06 08:00 CEST (GLOBE NEWSWIRE) -- 

Bank of Åland Plc
Stock exchange release
May 6, 2015, 9.00 a.m.



Standard & Poor's raises its credit rating on all covered bonds issued by the
Bank of Åland Plc to AAA with a stable outlook 

The Standard & Poor's rating agency has revised its credit rating on covered
bonds issued by the Bank of Åland Plc (Ålandsbanken Abp) according to the
renewed criteria that Standard & Poor's published on December 9, 2014. 

The credit rating on covered bonds is being raised to AAA with a stable
outlook, from the earlier AA with a negative outlook. “Stable outlook” reflects
that there is one unutilised step left on the credit rating scale in the
programme. 

Standard & Poor's credit rating of AAA with a stable outlook now applies to all
covered bonds issued both from the Bank of Åland's Swedish cover pool, as
announced earlier, and from the Finnish cover pool. 

For further information, please contact:

Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel
+358 40 512 7505