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5 Norwegian banks risk credit score downgrade

Friday, 09 March 2012
Five Norwegian banks risk having their credit ratings lowered by Moody's. These are five of the Savings Bank's regional banks that have been put under the microscope on the company's credit rating board for possible downgrade, according to a statement.

The reason is  the possible downgrade is the risk that the banks' credit quality may decline as the Norwegian house prices and household debt continues to rise.
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