Updated Moody’s methodology affects Føroya Banki’s rating

19.11.2025 09:19:36 CET | Føroya Banki |
Selskabsmeddelelse
Selskabsmeddelelse nr. 15/2025

Kreditvurderingsbureauet Moody’s har opdateret sin metodologi vedrørende rating af banker. Som følge heraf har Moody’s justeret Føroya Bankis rating, så den nu er tilpasset den nye metodologi.

De opdaterede kreditvurderinger er angivet nedenfor:
 
Long-term Counterparty Risk Rating            A2 (ændret fra A1)
Short-term Counterparty Risk Rating            P-1 (uændret)
Long-term Bank Deposits                           A2 (ændret fra A1)
Short-term Bank Deposits                           P-1 (uændret)
Counterparty Risk Assessment                    A2 (cr) (ændret fra A1 (cr))
Counterparty Risk Assessment                    P-1 (cr) (uændret)
Long-term Issuer Rating                              A3 (ændret fra A2)
Baseline Credit Assessment                        baa2 (ændret fra baa1)
Adjusted Baseline Credit Assessment          baa2 (ændret fra baa1)
 
Justeringen sker på baggrund af Moody’s ændrede metodologi og skyldes således ikke ændrede forhold hos Føroya Banki.

Yderligere information:
Arnhold Olsen, CFO, tel. (+298) 230 475
19.11.2025 09:19:36 CET | Føroya Banki |
Company Announcement
Announcement no. 15/2025
Moody’s rating has updated its methodology regarding bank ratings. Consequently, Moody’s has adjusted Føroya Banki’s rating to reflect the new methodology.
 
The updated ratings are as follows:
 
Long-term Counterparty Risk Rating            A2 (changed from A1)
Short-term Counterparty Risk Rating            P-1 (affirmed)
Long-term Bank Deposits                           A2 (changed from A1)
Short-term Bank Deposits                           P-1 (affirmed)
Counterparty Risk Assessment                    A2 (cr) (changed from A1 (cr))
Counterparty Risk Assessment                    P-1 (cr) (affirmed)
Long-term Issuer Rating                              A3 (changed from A2)
Baseline Credit Assessment                        baa2 (changed from baa1)
Adjusted Baseline Credit Assessment          baa2 (changed from baa1)
 
The adjustment is based on Moody’s revised methodology and is therefore not due to any changes concerning Føroya Banki.

Further information Arnhold Olsen, CFO, phone (+298) 230 475

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