Credit ratings

Rating agency Short-term debt Outlook Long-term debt Outlook
Standard & Poor's A-1+ Negative AA- Negative
Moody's P-1 Negative Aa3 Negative
Fitch F1+ Stable A+ Stable

Fitch Ratings affirms a rating for both OP Financial Group and Pohjola Bank plc. OP Financial Group's financial position also affects credit ratings affirmed for Pohjola Bank plc.

The credit ratings of OP Financial Group and Pohjola did not change in 2014.

Standard & Poor’s affirmed on 22 October 2014 Pohjola Bank plc’s credit ratings while keeping the outlook negative.

Moody's affirmed on 29 May 2014 Pohjola Bank plc's long-term debt rating and changed the outlook from stable to negative as part of its extensive review of the European banking sector.

On 24 June 2014, Fitch Ratings affirmed OP Financial Group’s and Pohjola Bank plc’s long- and short-term debt ratings and kept the outlook stable.