Rating continues to reflect the Norwegian bank's focused savings bank business model, solid earnings and sound solvency metrics.

KfW's issuer rating is fully aligned with the Federal Republic of Germany's AAA sovereign credit rating.

The affirmation reflects the company’s successful debt purchase and collection strategy resulting in supportive profitability metrics.

The rating is driven by the high integration with the Italian Republic and likelihood of exceptional support.

Scope Ratings has updated its report on the Hypothekenpfandbriefe (Austrian mortgage covered bonds) issued by Bausparkasse Wüstenrot AG.

The issuer’s sound credit strength combined with governance and cover pool support result in the highest rating. Market risks are moderate. Sound credit quality from domestic, residential and low loan-to-value cover assets.

Following CA Auto Bank’s request for a withdrawal of Scope’s public ratings on the bank, the rating agency has converted all ratings into unsolicited subscription ratings.

The A- issuer rating reflects Sandnes Sparebank’s well established local savings bank franchise in south-west Norway, solid and resilient earnings capabilities as well as sound prudential metrics.

The rating upgrade and revision of the Outlook to Stable from Positive take into account the closer integration within Crédit Agricole Group and hence the higher likelihood of group support.

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