Moody's downgrades Swedish Housing Finance Corporation

Moody's downgrades Swedish Housing Finance Corporation 

On February 5, 2007, Moody's Investor Service downgraded the long-term issuer
and debt ratings of The Swedish Housing Finance Corporation (SBAB) to A1 from
Aa3. At the same time the rating agency changed the rating outlook to negative.

SBAB's Prime-1 short-term rating was affirmed. 

Enclosed the Moody's Investors Service Rating Action.


For further information please contact:
Eva Cederbalk, CEO, SBAB 
Telephone: +46 8 614 43 01 
Mobile: +46 70 523 23 02 
E-mail: eva.cederbalk@sbab.se 

Johanna Clason, Chief Financial Officer, SBAB 
Telephone: +46 8 614 38 40
Mobile: +46 70 667 78 40
E-mail: johanna.clason@sbab.se




SBAB offers residential mortgages and savings products via the Internet and
telephone and provides corporate loans. SBAB's mandate is to act to ensure
diversity and competition in the Swedish residential mortgage market. More
information is available at www.sbab.se