Danske Downgraded with Eight Other Danish Lenders by Moody’s
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Moody’s Investors Service downgraded nine Danish financial institutions, including the country’s biggest bank, Danske Bank A/S, arguing loan books have deteriorated and debt refinancing has become harder.
Danish banks suffer from “a weak operating environment, pressurized asset quality and poor profitability,” the rating company said late yesterday in a statement published out of London.