Scope Ratings has published its first-time report on the Katettu joukkolaina (Finnish mortgage covered bonds) issued by Danske Mortgage Bank Plc (Danske Kiinnitysluottopankki Oyj).

The rating on Danske Mortgage Bank PLC’s Finnish mortgage covered bonds (Katettu joukkolaina) reflects the issuer's credit rating enhanced by up to five notches of governance-support based uplift. The cover pool provides additional rating stability.

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.