Fana Sparebank's Moody's rating upgraded following methodology update

Fana Sparebank announced an upgrade to its credit ratings from Moody's Ratings. This follows an update to Moody's methodology for rating banks. The bank's baseline credit assessment (BCA) has been upgraded from baa2 to baa1, reflecting a stronger underlying credit profile.

Fana Sparebank's long-term deposit rating has also been elevated. The rating moved from A3 stable to A2 stable, indicating improved creditworthiness for its deposits.

For further information, interested parties can contact Torkil Wiberg or Kim F Lingjærde.