Scope Ratings has updated its rating report on the Obligasjoner med fortrinnsrett (Norwegian mortgage-covered bonds) issued by Landkreditt Boligkreditt AS.

The rating on Landkreditt Boligkreditt's Norwegian covered bonds reflects the issuer rating enhanced by eight notches from governance and cover pool support. Stable performance and two notches buffer against an issuer downgrade.

Rating affirmation reflects the ongoing resilience of the bank's business and operating performance.

Scope Ratings has updated its rating report on the Obligasjoner med fortrinnsrett (Norwegian mortgage-covered bonds) issued by Landkreditt Boligkreditt AS.

The issuer rating of A- with stable outlook combined with governance support and the strength of the cover pool results in the highest achievable ratings for the covered bonds. Soft-bullets and overcollateralisation reduce maturity mismatch risks.

Rating continues to reflect resilient and sound credit fundamentals.

Scope Ratings has updated its report on the Obligasjoner med fortrinnsrett (Norwegian mortgage-covered bonds) issued by Landkreditt Boligkreditt AS

The A- issuer rating combined with governance and cover pool support results in highest ratings. The low-LTV cover assets are resilient to high stresses. Soft-bullet profile and overcollateralsiation reduce risks from maturity mismatches.

Rating affirmation reflects ongoing resilience of bank's business and operating performance.

Scope Ratings has updated its report on the Obligasjoner med fortrinnsrett (Norwegian mortgage-covered bonds) issued by Landkreditt Boligkreditt AS