Announcements
Drinks
Instrument data
Issuer
Senority
Senior Unsecured
Currency
EUR
ISIN
DE000NRW0P16
Coupon percent
2.375%
Coupon type
Variable: Step Up/Step Down
Instrument volume
75,000,000
Maturity date
09/04/2075
-
AAA
Outlook:
Stable
AAA
Outlook:
Stable
Latest change
New
24/04/2025
General information
Rating
Public
Solicited
With issuer participation
UK endorsed
EU Rated
Julian Zimmermann
Lead analyst
Jakob Suwalski
Committee chair

11/4/2025 Rating announcement EN
Scope affirms NRW's AAA rating with Stable Outlook
A strong institutional framework, excellent market access, conservative financial, debt and liquidity management, and sound economic fundamentals are strengths. Relatively high debt and some budget pressures, with moderate flexibility, are challenges.
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