contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


ncr-comments-resurs-bank-ab-publ-2020q1-report

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Our 'BBB-' issuer and issue ratings for Resurs Bank AB are unchanged following Resurs Holding's (RH) first quarter 2020 results.The rating outlook for our issuer rating on Resurs Bank is negative...

<div class="mfn-preamble">Our 'BBB-' issuer and issue ratings for Resurs Bank AB are unchanged following Resurs Holding's (RH) first quarter 2020 results.</div><div class="mfn-body">The rating outlook for our issuer rating on Resurs Bank is negative. Resurs Bank reports semi-annually, but below we comment on takeaways for Resurs Bank from RH's quarterly report.Limited COVID-19 effect in the first quarter Lending growth slowed in March. Management commented on improved demand in April. The effects of the COVID-19 pandemic negatively affected net financials in the insurance company, which is not part of Resurs Bank. The financial effects on bank earnings were more modest given the low-risk liquidity assets. Credit losses were negatively impacted by the earlier announced SEK 75m extraordinary provision, which was based on a forward-looking assessment.Resurs Holding reported a CET1 ratio of 13.7% vs 13.6% year-end 2019. This is adjusted for expected SEK 195m dividend payment in the second half of 2020. The target CET1 ratio is above 11.5%, but NCR expects moderate lending growth to improve the CET1 ratio in the short-term.Lower lending growth Lending increased by 7% in the first quarter, growth adjusted for currency effects was 9%. The Consumer Loans segment continues to drive year-on-year lending growth (8%) compared to Payment Services (4%). The bank is targeting a growth rate of above 10%, which may be challenging in the current climate; we note that quarter-on-quarter lending growth was -0.6% due to lower activity in Payment Solutions. The net interest margin was 7.2%, lower than the 2019 level (8%) and our forecast for 2020 (7.5%). Operating expenses remain in control, cost/income in RH is 38.5%. Credit losses was 3.4% of lending, or 2.4% adjusted for the extraordinary provision. We have forecasted 3.1% for the full year for Resurs Bank. This commentary does not reflect a rating action.If you have any questions, please contact: Geir Kristiansen, credit rating analyst, +4790784593, <a href="mailto:geir.kristiansen@nordiccreditrating.com" target="_blank" rel="nofollow noopener">geir.kristiansen@nordiccreditrating.com</a> Sean Cotten, chief rating officer, +46735600337, <a href="mailto:sean.cotten@nordiccreditrating.com" target="_blank" rel="nofollow noopener">sean.cotten@nordiccreditrating.com</a></div><div class="mfn-footer mfn-about">About Us<hr/>Nordic Credit Rating AS is a credit rating agency headquartered in Oslo with a branch in Stockholm. The company provides credit ratings to companies and financial institutions in the Nordic region, and bases its analysis on local insights. Nordic Credit Rating is registered with the European Securities and Markets Authority (ESMA).</div><div class="mfn-footer mfn-attachment mfn-attachment-pdf">Attachments<hr/><a href="https://storage.mfn.se/9cd1aa5b-ba2b-4de6-83d6-be367eb624b1/ncr-comments-resurs-bank-ab-publ-2020q1-report.pdf" target="_blank" class="mfn-generated mfn-primary" rel="nofollow noopener">NCR comments: Resurs Bank AB (publ) 2020Q1 report</a></div>