Business
Danske Bank A/S : Scope withdraws Danske Bank ASs Danish covered bond ratings Pool C D
Danske Bank A/S : Scope withdraws Danske Bank ASs Danish covered bond ratings Pool C
About this update from Danske Bank A/s
Rating news 31 August 2026 Scope withdraws Danske Bank A/Sʼs Danish covered bond ratings (Pool C & D) Scope has ceased analytical coverage on the Danish mortgage covered bonds (ssrligt dskkede obligationer - SDO Pool C and D) issued by Danske Bank A/S Rating action Scope Ratings GmbH (Scope) has today withdrawn the ratings assigned to the Danish mortgage covered bonds (ssrligt dskkede obligationer - SDO Pool C and D) issued by Danske Bank A/S at the Clientʼs request. The covered bondsʼ ratings have been withdrawn at AAA/Stable. Stress testing G cash flow analysis No stress testing was performed. No cash flow analysis was performed. Methodology The methodology used for this Credit Rating and Outlook, (Covered Bonds Rating Methodology, 23 July 2026), is available on scoperatings.com/governance-and-policies/rating-governance/methodologies. Information on the meaning of each Credit Rating category, including definitions of default, recoveries, Outlooks and Under Review, can be viewed in 'Rating Definitions - Credit Ratings, Ancillary and Other Servicesʼ, published on scoperatings.com/governance-and-policies/rating-governance/definitions-and-scales. Historical default rates of the entities rated by Scope Ratings can be viewed in the Credit Rating performance report at scoperatings.com/governance-and-policies/regulatory/eu-regulation. Also refer to the central platform (CEREP) of the European Securities and Markets Authority (ESMA): registers.esma.europa.eu/cerep-publication. A comprehensive clarification of Scope Ratingsʼ definitions of default and Credit Rating notations can be found at scoperatings.com/governance-and-policies/rating-governance/definitions-and-scales. Guidance and information on how environmental, social or governance factors (ESG factors) are incorporated into the Credit Rating can be found in the respective sections of the methodologies or guidance documents provided on scoperatings.com/governance-and-policies/rating-governance/methodologies. The Outlook indicates the most likely direction of the Credit Rating if the Credit Rating were to change within the next 12 to 18 months. Solicitation, key sources and quality of information The Rated Entity and/or its Related Third Parties participated in the Credit Rating process. The following substantially material sources of information were used to prepare the Credit Rating: public domain, the Rated Entity and Scope Ratingsʼ internal sources. Scope Ratings considers the quality of information available to Scope Ratings on the Rated Entity or instrument to be satisfactory. The information and data supporting the Credit Rating originate from sources Scope Ratings considers to be reliable and accurate. Scope Ratings does not, however, independently verify the reliability and accuracy of the information and data. Prior to the issuance of the Credit Rating action, the Rated Entity was given the opportunity to review the Credit Rating and Outlook and the principal grounds on which the Credit Rating and Outlook are based. Following that review, the Credit Rating and Outlook were not amended before being issued. Regulatory disclosures The Credit Rating and Outlook are issued by Scope Ratings GmbH, Lennéstraße 5, D-10785 Berlin, Tel +49 30 27891-0. The Credit Rating and Outlook are UK-endorsed. Lead analyst: Mathias Pleißner, Executive Director Person responsible for approval of the Credit Rating: Karlo Fuchs, Managing Director The Credit Rating/Outlook was first released by Scope Ratings on 22 September 2015. The Credit Rating/Outlook was last updated on 23 June 2025. Potential conflicts See scoperatings.com under Governance & Policies/Regulatory for a list of potential conflicts of interest disclosures related to the issuance of Credit Ratings, as well as a list of Ancillary Services and certain non-Credit Rating Agency services provided to Rated Entities and/or Related Third Parties. Conditions of use / exclusion of liability © 2026 Scope SE & Co. KGaA and all its subsidiaries including Scope Ratings GmbH, Scope Ratings UK Limited, Scope Fund Analysis GmbH, Scope Innovation Lab GmbH and Scope ESG Analysis GmbH (collectively, Scope). All rights reserved. The information and data supporting Scopeʼs ratings, rating reports, rating opinions and related research and credit opinions originate from sources Scope considers to be reliable and accurate. AI-based tools may have supported the preparation of this document - subject to Scope's review and validation. Any rating or credit opinion is the outcome of human judgement. Scope retains full responsibility for the content. Scope does not, however, independently verify the reliability and accuracy of the information and data. Scopeʼs ratings, rating reports, rating opinions, or related research and credit opinions are provided 'as isʼ without any representation or warranty of any kind. In no circumstance shall Scope or its directors, officers, employees and other representatives be liable to any party for any direct, indirect, incidental or other damages, expenses of any kind, or losses arising from any use of Scopeʼs ratings, rating reports, rating opinions, related research or credit opinions. Ratings and other related credit opinions issued by Scope are, and have to be viewed by any party as, opinions on relative credit risk and not a statement of fact or recommendation to purchase, hold or sell securities. Past performance does not necessarily predict future results. Any report issued by Scope is not a prospectus or similar document related to a debt security or issuing entity. Scope issues credit ratings and related research and opinions with the understanding and expectation that parties using them will assess independently the suitability of each security for investment or transaction purposes. Scopeʼs credit ratings address relative credit risk, they do not address other risks such as market, liquidity, legal, or volatility. The information and data included herein is protected by copyright and other laws. To reproduce, transmit, transfer, disseminate, translate, resell, or store for subsequent use for any such purpose the information and data contained herein, contact Scope Ratings GmbH at Lennéstraße 5, D-10785 Berlin. Public Ratings are generally accessible to the public. Subscription Ratings and Private Ratings are confidential and may not be shared with any unauthorised third party. Team leader Karlo Fuchs [email protected] Scope Ratings GmbH Lennéstraße 5 D-10785 Berlin Phone: +49 30 27891-0 Fax: +49 30 27891-0 scoperatings.com Bloomberg: RESP SCOP [email protected] Scope contacts About Scope Group With more than 300 employees operating from offices in Berlin, Frankfurt, London, Madrid, Milan, Oslo and Paris, Scope Group is the leading European provider of independent credit ratings, ESG analysis and fund research. Based on forward-looking and innovative methodologies, Scope offers a European perspective that contributes to greater diversity of opinion for institutional investors worldwide. Scope Ratings is registered in accordance with the EU rating regulation and operating in the European Union with ECAI status. Scope Ratings is the only European rating agency accepted by the ECB for the Eurosystem Credit Assessment Framework (ECAF). The shareholders of Scope Group include CEO and founder Florian Schoeller and anchor shareholder Stefan Quandt, numerous senior personalities in European finance and industry as well as institutional investors from several European countries. More on scopegroup.com . ' ' ' ' ' 31 August 2026