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      Instrument data
      Issuer
      NORDRHEIN-WESTFALEN, LAND OF
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      DE000NRW0P81
      Coupon percent
      2.184%
      Coupon type
      Floating: Fixed Margin over Index
      Instrument volume
      125,000,000
      Maturity date
      06/11/2029
      -
      AAA Outlook: Stable
      AAA Outlook: Stable
      Latest change
      New
      10/11/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Julian Zimmermann Lead analyst
      Jakob Suwalski Committee chair
      Scope affirms NRW's AAA rating with Stable Outlook

      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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