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.