Standard&Poor's downgrades the Swedish Housing Finance Corporation

Press Release, 26 November 2008

Standard&Poor's downgrades the Swedish Housing Finance Corporation

On Nov. 26, 2008, Standard & Poor's Ratings Services lowered its 
long-term counterparty credit ratings on Sveriges
Bostadsfinansieringsak-tiebolag, SBAB (publ) to A+ from AA- and its short-term
ratings to A-1 from A-1+. The outlook is negative.

The Swedish Covered Bond Corporation, SCBC, AAA long-term rating was affirmed.

Enclosed the Standard&Poor´s Research Update on SBAB.



For further information 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