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      Instrument data
      Issuer
      Senority
      Senior Unsecured
      Currency
      NOK
      ISIN
      NO0012805789
      Coupon percent
      5.15%
      Coupon type
      Floating
      Instrument volume
      1,500,000,000
      Maturity date
      12/01/2026
      -
      AAA Outlook: Stable
      AAA Outlook: Stable
      Latest change
      Affirmed
      17/11/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Elena Klare Lead analyst
      Jakob Suwalski Committee chair
      Scope affirms Ferde AS’s long-term issuer rating at AA+ with Stable Outlook

      17/11/2025 Rating announcement EN

      Scope affirms Ferde AS’s long-term issuer rating at AA+ with Stable Outlook

      Strong integration with its owning counties, high strategic importance in regional development, a strong market position, and resilient toll revenue are strengths. High leverage and substantial capital expenditure are challenges.

      Scope assigns AAA ratings to Ferde AS’s debt issuances related to the Ryfast project

      6/6/2025 Rating announcement EN

      Scope assigns AAA ratings to Ferde AS’s debt issuances related to the Ryfast project

      The ratings of the issuances are underpinned by a co-guarantee from Rogaland County Municipality and the City of Stavanger and are thus aligned with the guarantors’ AAA/Stable ratings.

      Date Title