The rating on Landkreditt Boligkreditt's Norwegian covered bonds reflects the issuer rating enhanced by eight notches from governance and cover pool support. Stable performance and two notches buffer against an issuer downgrade.

The issuer rating of A- with stable outlook combined with governance support and the strength of the cover pool results in the highest achievable ratings for the covered bonds. Soft-bullets and overcollateralisation reduce maturity mismatch risks.

The A- issuer rating combined with governance and cover pool support results in highest ratings. The low-LTV cover assets are resilient to high stresses. Soft-bullet profile and overcollateralsiation reduce risks from maturity mismatches.

The A- issuer rating combined with fundamental and cover pool support results in the highest possible rating. The low-LTV cover assets are resilient to high stresses. The soft-bullet profile and overcollateralisation reduce risks from maturity mismatches.

The A- issuer rating combined with fundamental credit and cover pool support results in the highest achievable ratings for the bonds. The domestic, residential, low-LTV cover pool is resilient to high stresses, but maturity mismatches persist.

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.

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.