Danske Bank skriver i en kommentar:
Fitch has revised its outlook on Nordea from ‘Stable’ to ‘Negative’, while the Long-Term Issuer Default Rating is affirmed at ‘AA-‘. The negative outlook reflects the growing challenges the bank faces to restore profitability, following a period of lacklustre revenue generation, significant IT and compliance investments and market share losses.
Fitch believes that it will be a challenge for the bank to strengthen revenue generation and simultaneously improving efficiency given a weakening macroeconomic outlook in the Nordic countries. Fitch states that the outlook would be revised back to ‘Stable’ if Nordea demonstrates that it is able to meet its new financial targets, notably a return on equity above 10% by 2022, while maintaining its risk appetite at current levels.