The covered bond rating reflects sound issuer credit quality and unchanged cover pool support. Residential, low-LTV and fully domestic cover pool is resilient to high credit stresses. Maturity mismatches have decreased but remain material.

Scope Ratings has updated its rating report on the Obligasjoner med fortrinnsrett (Norwegian mortgage-covered bonds) issued by Landkreditt Boligkreditt AS.

Covered bond rating reflects sound issuer credit quality and unchanged cover pool support. Residential, low-LTV and fully domestic cover pool resilient against high credit stresses. Maturity mismatches remain largest risk contributor.

Scope Ratings has published its rating report on Landkreditt Boligkreditt’s Norwegian, residential mortgage-backed covered bonds, rated AAA with a Stable Outlook.

Issuer ratings of A- for both Landkreditt Bank and wholly-owned subsidiary Landkreditt Boligkreditt reflect the Norwegian bank's solid credit fundamentals. AAA covered bond ratings reflect sound credit quality of cover pool and fundamental credit support.