Moodys Investors Service - SpareBank 1 SR-Bank ASA (SRBNK) SpareBank 1 SR-Bank ASA: Update following the upgrade of the banks BCA to baa1 and ratings affirmations

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Moody's Investors Service

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SpareBank 1 SR-Bank ASA: Update following the upgrade of the bank's BCA to baa1 and ratings affirmations

FINANCIAL INSTITUTIONS CREDIT OPINION 28 September 2017 Update RATINGS SpareBank 1 SR-Bank ASA Domicile Norway Long Term Debt A1 Type Senior Unsecured - Fgn Curr Outlook Negative Long Term Deposit A1 Type LT Bank Deposits - Fgn Curr Outlook Negative Please see theÂ

27/09/2017 12 EN

Underlying

SpareBank 1 SR-Bank ASA

Sparebank 1 SR Bank is a savings bank. Co.'s core activities are sales and brokering of financial products and services, as well as leasing and real estate brokering. Co. is organized in three divisions: The Retail Market Division; The Corporate Market Division; and The Capital Market Division Co. provides products and services in the fields of financing, investments, money transfers, pensions and life and non-life insurance.

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NO0010631567 Oslo Bors Norway

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Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

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SpareBank 1 SR-Bank ASA: Update following the upgrade of the bank's BCA to baa1 and ratings affirmations

Scope for continued strong earnings

SpareBank1 SR-Bank (Buy, TP: NOK163.00) - Strong Q4, but CET1 ratio downtick

Scope for further generous distributions

Mutual of Omaha Insurance Company: Rating affirmation reflects good capitalization and diversified product mix; stable outlook

Syniverse Holdings, LLC: Update to credit analysis

Bayview Opportunity Master Fund VII 2024-EDU1, LLC: Pre-Sale – First student loan credit linked notes referencing SoFi student loans

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