Saxo Bank’s Credit Rating Raised to ‘A-‘ by S&P on Financial Strength

S&P Global Ratings has raised Saxo Bank's credit rating to 'A-', citing the Danish firm's efforts to enhance its resolvability and capital buffers in line with systemic institution rules.

Key Insights

  • S&P Global Ratings upgraded Saxo Bank’s long-term issuer credit rating to ‘A-‘ from ‘BBB’.
  • The upgrade reflects Saxo Bank’s strengthened financial profile and efforts to increase resolvability and subordinated debt buffers as a systemically important institution.
  • Saxo Bank’s Deputy CEO said the higher rating validates their commitment to financial resilience and prudent risk management.

COPENHAGEN (MarketsXplora) – Saxo Bank, the multi-asset investment and trading specialist, announced on Tuesday that S&P Global Ratings has upgraded its long-term issuer credit rating to ‘A-‘ from ‘BBB’, citing the bank’s strengthened financial profile.

The credit rating agency said the upgrade reflects Saxo Bank’s efforts to increase its resolvability and enhance its subordinated debt buffers in line with regulatory requirements for systemically important financial institutions (SIFIs).

Saxo Bank was designated as a SIFI by Danish authorities last year in recognition of its significant role in the country’s financial system.

“This rating upgrade by S&P Global Ratings serves as a testament to our unwavering commitment to financial resilience and prudent risk management,” said Søren Kyhl, Deputy CEO and Chief Operating Officer of Saxo Bank.

“We are pleased that our enhanced credit rating reflects our efforts to further bolster our financial robustness, which is in alignment with our designation as a Systemically Important Financial Institution (SIFI) last year,” Kyhl added.

S&P Global Ratings assigned a stable outlook for Saxo Bank’s ‘A-‘ long-term rating, indicating its view that the Danish bank will continue to maintain solid operating profitability, robust capitalisation, and effective risk management capabilities.

The ratings upgrade comes as Saxo Bank, founded in 1992, has expanded its global footprint and client base, providing trading and investment services across asset classes including forex, stocks, bonds, commodities, and cryptocurrencies.

Read also! Moody’s Downgrades Credit Ratings of 10 US Banks

The Copenhagen-based bank, which operates regulated entities across Europe, Asia, and the Middle East, has focused on bolstering its financial strength and meeting heightened regulatory requirements for systemic institutions.

Saxo Bank’s improved credit rating is expected to support its efforts to attract institutional clients and partners seeking a secure and well-capitalised trading and investment counterparty.

For Saxo Bank, the higher rating validates its strategy of investing in risk controls, compliance systems and capital buffers to ensure long-term sustainability and stability while supporting growth ambitions.

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