Moody's: Nordic banks must brace for Farstad loss
After yet another major loss at the offshore supply vessel operator Farstad, a number of Nordic banks must now brace themselves for losses on their loans to the carrier, says credit rating bureau Moody's.
BY JOHANNES HARTKOPF-MIKKELSEN
Major deficits at the crisis-stricken offshore carrier Farstad will soon make its mark on the banks DNB, Danske Bank and Nordea. This is according to credit rating bureau Moody's in a note.
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