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

23 Apr 2024 14:15 CEST

Nordic Credit Rating (NCR) said today that it had affirmed its 'A' long-term
issuer rating on Norwaybased property manager and developer Bane NOR Eiendom AS
(Bane NOR Eiendom). The outlook is stable. The 'N2' short-term issuer rating and
'A' senior unsecured issue rating were also affirmed.

The long-term issuer rating reflects Bane NOR Eiendom's low leverage, solid
average remaining lease term and high share of government-funded tenants. The
rating is also supported by the company's de facto monopoly over domestic
railway stations and workshops and its importance to 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-0


For further information contact:

Sven Erik Pløen
Finance director, Bane NOR Eiendom AS
+47 97 02 11 29

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