Positive Outlook reflects material potential upside to business model following proposed merger with SpareBank 1 Ostlandet

The rating reflects the Norwegian savings bank's strong market position in its local area and stable operating performance, with sound asset quality and capital metrics.

The rating continues to reflect the Norwegian savings bank's strong market position in its local area, solid earnings and sound prudential metrics while the reliance on market funding is a risk.

The rating continues to reflect the Norwegian savings bank's strong market position in its local area, resilient earnings and sound solvency metrics while the reliance on market funding is a risk.

Rating upgrade reflects new seniority ranking in updated creditor hierarchy and is in line with Scope’s bank rating methodology.

The rating continues to reflect the bank's strong market position in its local market in south-east Norway, resilient earnings and sound solvency metrics while the reliance on market funding is a risk.

Issuer ratings of A- for both Totens Sparebank and its wholly-owned subsidiary Totens Sparebank Boligkreditt reflect the Norwegian savings bank’s solid credit fundamentals.