May 30, 2012 / 7:02 AM / 5 years ago

Standard & Poor's downgrades Danske Bank

COPENHAGEN, May 30 (Reuters) - Denmark’s biggest financial institution Danske Bank said on Wednesday ratings agency Standard & Poor’s had downgraded the bank’s credit rating by one notch and adjusted its outlook upwards.

The ratings agency has downgraded the Danske Bank Group to A-/A-2 from A/A-1, and the outlook has been adjusted upwards, from “negative” to “stable,” the bank said. (Reporting by Copenhagen Newsroom; Editing by Mark Potter)

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