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04.08.2016 16:42:00
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DNB Bank ASA -- Moody's changes outlook on Norway's banking system to negative from stable amid lower oil investments
London, 04 August 2016 -- Moody's Investors Service has changed its outlook on the Norwegian banking system to negative from stable. The outlook change reflects the rating agency's expectation of a softening operating environment, stemming from reducing oil investments and persistently low oil prices. The outlook expresses Moody's expectation of how bank creditworthiness will evolve in Norway over the next 12-18 months.
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