Merger of Totens Sparebank with Sparebank 1 Østlandet is credit neutral for TSBBs covered bonds while protection against downgrades increased; rating stability expected until covered bond programme is wound down.

SpareBank 1 Østlandet has acquired all the assets, rights and obligations of Totens Sparebank.

Scope Ratings has updated its rating report on Finbureau LLC, rated B with Stable Outlook.

The rating affirmation reflects Finbureau’s successful debt purchase and collection business strategy, maintaining its historical supportive profitability metrics.

Rating affirmation reflects the group’s robust operating performance and strong prudential metrics.

The rating on Hypo-Bank Burgenland AG’s Austrian mortgage covered bonds (Hypothekenpfandbriefe) reflects the issuer's A- rating enhanced by six notches from governance and cover pool support.

The rating reflects a well-established savings bank business model, solid earnings, a moderate risk profile, and sound financial viability management.

Scope Ratings has updated its rating report on Brage Finans AS, rated A- with Positive Outlook.

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.