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.