Announcements

    Drinks

      New analysis on mortgage covered bonds issued by Landkreditt Boligkreditt AS
      TUESDAY, 13/12/2022 - Scope Ratings GmbH
      Download PDF

      New analysis on mortgage covered bonds issued by Landkreditt Boligkreditt AS

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

      Landkreditt Boligkreditt’s AAA covered bond ratings are based on the bank’s A- issuer rating enhanced by six notches of cover pool support. Five of these notches reflect our assessment of the strong governance support provided by the Norwegian legal covered bond and resolution framework.

      Provided that the covered bond programme’s risk structure does not change materially, the current covered bond ratings could remain unchanged up to a two-notch downgrade of the issuer – also supporting the Stable Outlook on the covered bonds

      This monitoring note does not constitute a rating action, nor does it indicate the likelihood of a credit rating action in the short term. On 8 December 2022, Scope affirmed the covered bonds at AAA/Stable. Click here for the corresponding press release.

      Download the performance update

      Related news

      Show all
      Webinar: Commercial real estate – how concerned should debt investors be?

      26/3/2024 Research

      Webinar: Commercial real estate – how concerned should debt ...

      German savings and co-operative banks well positioned to face challenges

      26/3/2024 Research

      German savings and co-operative banks well positioned to face ...

      Scope affirms AAA rating of Wüstenrot’s Austrian mortgage-covered bonds, with Stable Outlook

      25/3/2024 Rating announcement

      Scope affirms AAA rating of Wüstenrot’s Austrian ...

      The Wide Angle – European banking to 2030: more vigorous on the digital, more rigorous on risk

      25/3/2024 Research

      The Wide Angle – European banking to 2030: more vigorous on ...

      Updated issuer rating report on Landkreditt Bank AS

      18/3/2024 Monitoring note

      Updated issuer rating report on Landkreditt Bank AS

      German banks: systemic crisis unlikely amid persistent concerns about real estate slump

      15/3/2024 Research

      German banks: systemic crisis unlikely amid persistent ...