Scope Ratings has updated its rating report on ABBank, rated BB/Stable.

Scope Ratings has updated its rating report on Brage Finans, rated A+ with Stable Outlook.

The rating reflects the bank’s focus on shipping finance, as well as its strong profitability and clean balance sheet. Customer and funding concentration pose risks.

Affirmation of the ratings reflects the banks’ continued solid operating performance.

Scope Ratings has updated its rating report on Danske Bank A/S, rated A+, with Positive Outlook.

Scope Ratings has updated its rating report on Pareto Bank ASA, rated BBB with Positive Outlook.

Scope Ratings has updated its rating report on Credit Foncier and Compagnie de Financement Foncier, rated A+, with Stable Outlook.

The rating on Compagnie de Financement Foncier’s French obligations foncières reflects the issuer's A+ rating enhanced by four notches from governance support. Five notches provide a buffer against an issuer downgrade.

The rating upgrade is based on the expectation of support from the new majority owner, Sparebanken Norge, after the successful merger between Sparebanken Vest and Sparebanken Sør.

The Positive Outlook reflects an improved capital position and liquidity profile as well as consistent prioritisation of risk-adjusted returns.