19.9.2025 14:52:35 CEST | Føroya Banki |
Selskabsmeddelelse
Selskabsmeddelelse nr. 11/2025
Kreditvurderingsbureauet Moody´s nedjusterer Føroya Bankis long-term issuer rating fra A1 til A2, mens long term deposit rating fastholdes, og outlook fortsat er negativt. De opdaterede kreditvurderinger er angivet nedenfor:
Long-term Issuer Rating:
A2 (changed from A1)
Long-term Deposit Rating:
A1 (affirmed)
Long- and short-term Counterparty Risk Rating:
A1/P-1 (affirmed)
Long- and short-term Counterparty Risk Assessment:
A1(cr)/P-1(cr) (affirmed)
Baseline Credit Assessment and Adjusted BCA:
baa1 (affirmed)
Short-term deposit rating:
P-1 (affirmed)
Outlook for long-term deposit and issuer rating:
Negative (unchanged)
Nedjusteringen af long-term issuer ratingen fra A1 til A2 afspejler resultatet af en forward-looking Advanced Loss-Given-Failure analyse (LGF) af bankens usikrede seniorgæld. Føroya Banki har øget sin CET1 målsætning fra 20% til 23% og tilsvarende reduceret behovet for MREL-kapitalinstrumenter. I henhold til Moody’s LGF-analyse indebærer denne sammensætning af kapitalinstrumenter at den tabsabsorberende buffer bliver lavere.
Fastholdelsen af det negative outlook relaterer sig til en stigning i bankens portefølje af udlån til bonitetsmæssigt svage kunder i 2024. Denne stigning relaterer sig til et fåtal af kunder, hvis kreditkvalitet for så vidt angår nogle af disse kunder sidenhen er forbedret. Efter en periode kendetegnet ved inflation og rentestigninger, har banken ikke kunnet konstatere nogen generel stigning i risikoprofilen i bankens udlånsportefølje.
Yderligere informationArnhold Olsen, CFO, tel. (+298) 230 475, mail: ao@bankin.fo
19.9.2025 14:52:35 CEST | Føroya Banki |
Company Announcement
Company announcement no. 11/2025
Moody´s Rating´s downgrades Føroya Banki’s issuer rating from A1 to A2 and affirms deposit rating while outlook remains negative. The updated ratings are as follows:
Long-term Issuer Rating:
A2 (changed from A1)
Long-term Deposit Rating:
A1 (affirmed)
Long- and short-term Counterparty Risk Rating:
A1/P-1 (affirmed)
Long- and short-term Counterparty Risk Assessment:
A1(cr)/P-1(cr) (affirmed)
Baseline Credit Assessment and Adjusted BCA:
baa1 (affirmed)
Short-term deposit rating:
P-1 (affirmed)
Outlook for long-term deposit and issuer rating:
Negative (unchanged)
The downgrade of the long-term issuer rating from A1 to A2 reflects the outcome of a forward-looking Loss-Given-Failure Analysis (LGF) of the bank’s senior unsecured debt class. Føroya Banki has raised the CET1 target from 20% to 23%, while correspondingly reducing the need for MREL capital instruments. According to Moody’s LGF scenario analysis, this composition of capital instruments results in a lower proportion of loss-absorbing cushion.
The affirmed negative outlook relates to an increase in the portfolio of loans to customers with infirm credit quality in 2024. This enhancement relates to a few customers, which for some of these customers the credit quality has improved since. After a period with inflation and ascending interest rates, the bank has not recognized any general heightening of the risk profile of the loan portfolio.
Further information Arnhold Olsen, CFO, Tel (+298) 230 475, e-mail: ao@bankin.fo
