In an announcement released by Moody’s Investors Service (Moody’s) on March 25, 2009 Moody’s downgraded the long-term senior debt ratings of FIH Erhvervsbank A/S to Baa3 from A2 and the banks financial strength rating (BSFR) to D+ from C. FIH’s Prime-1 short term rating was changed to P-3.
In a second release on March 25, 2009, Moody’s downgraded the subordinated debt of the Danish banks and hence FIH’s subordinated debt to Ba3 from A3. All the bank’s ratings were placed on review for further possible downgrade.

Referring to its release of December 18, 2008, Moody’s has assigned backed ratings of “Aaa” to certain senior debt securities of the rated Danish banks reflecting the unconditional and irrevocable guarantee that has been put in place by the Aaa-rated Kingdom of Denmark.