The Positive Outlook reflects the improvements in governance and risk management embedded now as key element of the group’s culture, as the closure of the corporate probation period under ad-hoc regulatory oversight is approaching.

Scope Ratings has updated its report on the Danish mortgage covered bonds (særligt dækkede realobligationer – SDRO) issued by Realkredit Danmark A/S out of capital centre S and capital centre T.

This publication does not constitute a rating action.

Scope Ratings has updated its rating report on Danske Bank A/S, rated A+ with Stable Outlook.

The rating reflects the bank’s broadly diversified business model, strong franchise in very resilient Nordic economies and sound financial metrics.

The issuer rating of A+ combined with governance support results in the highest achievable ratings for the mortgage covered bonds. The cover pool provides additional rating stability.

Realkredit Danmark's rating and Outlook are aligned with those of its parent, Danske Bank A/S, of which it has the full support.

Scope Ratings has updated its report on the Danish mortgage covered bonds (særligt dækkede realobligationer – SDRO) issued by Realkredit Danmark A/S out of capital centre S and capital centre T.

No action has been taken on the mortgage-covered bonds issued out of Realkredit's capital centres S and T following this monitoring review. The issuer rating of A+ combined with governance support results in the highest achievable rating.

Realkredit Danmark's ratings and Outlooks are aligned with those of its parent, Danske Bank A/S, into which it is fully integrated.