Announcements
Drinks
28/11/2024 Rating announcement EN
Scope affirms Totens Sparebank Boligkreditt's mortgage covered bonds at AAA/Stable
Merger of Totens Sparebank with Sparebank 1 Østlandet is credit neutral for TSBBs covered bonds while protection against downgrades increased; rating stability expected until covered bond programme is wound down.
6/8/2024 Rating announcement EN
Scope affirms Totens Sparebank Boligkreditt's mortgage covered bonds at AAA/Stable
The issuer rating of A- 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. Stable Outlook.
5/9/2023 Rating announcement EN
Scope affirms Totens Sparebank Boligkreditt's mortgage covered bonds at AAA/Stable
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.
2/9/2022 Rating announcement EN
Scope affirms Totens Sparebank Boligkreditt's mortgage covered bonds at AAA/Stable
The highest achievable rating for the covered bonds results from the issuer's A- rating combined with governance support, updated for the new legal framework, and the strong cover pool.
8/10/2021 Rating announcement EN
Scope affirms Totens Sparebank Boligkreditt's mortgage covered bonds at AAA/Stable
The issuer rating of A- combined with fundamental credit and cover pool support results in the highest achievable ratings for the mortgage covered bonds. The cover pool is strong, comprising domestic, residential and low LTV assets.
16/10/2019 Rating announcement EN
Scope affirms at AAA/Stable the mortgage-covered bonds issued by Totens Sparebank Boligkreditt
The covered bond rating reflects the issuer’s sound credit quality and the strong cover pool comprising domestic, residential, low LTV assets that are resilient to high credit stresses. High asset margins and the low market risks are also positive.
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