Bane NOR Eiendom AS 'A' long-term issuer rating affirmed; outlook stable

10 May 2023 12:06 CEST

Nordic Credit Rating (NCR) said today that it had affirmed its 'A' long-term
issuer rating on Norway-based Bane NOR Eiendom AS. The outlook is stable. NCR
also affirmed the 'N2' short-term rating and the 'A' senior unsecured issue
rating, in accordance with its revised corporate rating methodology. The ratings
are no longer under criteria review.

The long-term issuer rating reflects Bane NOR Eiendom's low leverage, solid
average remaining lease term and high share of gorvernment-funded tenants. The
rating is also supported by the company's de facto monopoly over domestic
railway stations and workshops and its importance to the Norwegian railway
infrastructure. The company's large and central land bank supports future
development opportunities in city centres in close proximity to existing
stations.


Full credit report available at:
https://nordiccreditrating.com/article/bane-nor-eiendom-long-term-issuer-rating-
affirmed-outlook-stable

https://nordiccreditrating.com/issuer/bane-nor-eiendom-as


For further information contact:

Sven Erik Pløen
Finansdirektør
Bane NOR Eiendom AS
+47 9702 1129

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