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OP CorporateBank plc (31VN)

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Wednesday 16 January, 2019

OP CorporateBank plc

Moody's upgraded OP Insurance Ltd's rating, OP Corporate Bank plc's credit ratings remain unchanged

Moody's upgraded OP Insurance Ltd's rating, OP Corporate Bank plc's credit ratings remain unchanged

OP Corporate Bank plc
Stock exchange release
16 January 2019 at 09.00 am EET

Moody's upgraded OP Insurance Ltd's rating, OP Corporate Bank plc's credit ratings remain unchanged

Moody's Investors Service Ltd (Moody's) has upgraded OP Insurance Ltd's insurance financial strength rating by one notch from A3 to A2. Moody's kept the rating outlook stable. The underlying reasons for the upgrade were insurance operations' close integration to OP's business and capital management, strong non-life insurance market share and good financial fundamentals.

In December 2018, Moody's affirmed OP Corporate Bank plc's long-term rating Aa3 and short-term rating P-1, while keeping the rating outlook stable.

OP Corporate Bank plc
Tuuli Kousa
Chief Communications Officer

For more information, please contact:
Elina Ronkanen-Minogue, Head of ALM and Group Treasury, tel. +358 10 252 8767
Lauri Iloniemi, Head of Group Funding and Investor Relations, tel. +358 10 252 3541

DISTRIBUTION
Nasdaq Helsinki Ltd
Euronext Dublin (Irish Stock Exchange)
LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi

OP Corporate Bank plc is part of the leading Finnish customer-owned financial services group, OP Financial Group. OP Corporate Bank and OP Mortgage Bank are responsible for OP's funding in money and capital markets. As laid down in the applicable law, OP Corporate Bank, OP Mortgage Bank and their parent company OP Cooperative and other OP Financial Group member credit institutions are ultimately jointly and severally liable for each other's debts and commitments. OP Corporate Bank acts as OP's central bank.




This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: OP Yrityspankki Oyj via Globenewswire


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