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      Instrument data
      Issuer
      TRONDHEIM, MUNICIPALITY OF
      Senority
      Senior Unsecured
      Currency
      NOK
      ISIN
      NO0013711036
      Coupon percent
      4.434%
      Coupon type
      Floating: Fixed Margin over Index
      Instrument volume
      600,000,000
      Maturity date
      09/01/2032
      -
      AAA Outlook: Stable
      AAA Outlook: Stable
      Latest change
      New
      12/01/2026
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Alessandra Poli Lead analyst
      Jakob Suwalski Committee chair
      Scope affirms the City of Trondheim’s AAA rating with a Stable Outlook

      11/4/2025 Rating announcement EN

      Scope affirms the City of Trondheim’s AAA rating with a Stable Outlook

      Robust budgetary performance, ample liquidity, a sustainable economy and a well-integrated institutional framework support the rating. A high debt stock, limited revenue and expenditure flexibility are challenges.

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