SEB -- Moody's: Swedish banks to make early, large AT1 issuances, following higher capital requirements

London, 12 December 2014 -- Swedish banks look set to make early, sizeable issuances of Additional Tier 1 contingent capital securities (AT1 securities), which is credit positive for the banks and their creditors, owing to Sweden's (Aaa stable) early phase-in of increased capital requirements, says Moody's Investors Service. AT1 securities will strengthen large Swedish banks' ability to absorb losses before the point of non-viability or bank failure and the rating agency estimates further AT1 security issuance of $2.0 to $2.9 billion by 2016, which will build up to $4.9 billion by 2019.

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