Scope Ratings bekrefter AAA/Stable på Landkreditt Boligkreditt

05 Nov 2024 08:45 CET

Scope Ratings bekrefter AAA/Stable på Landkreditt Boligkreditt

Scope affirms Landkreditt Boligkreditt's mortgage covered bonds at AAA/Stable
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.
Rating action
Scope Ratings GmbH (Scope) has affirmed the AAA rating on the Norwegian mortgage
covered
bonds (obligasjoner med fortrinnsrett) issued by LKBol. The Outlook is Stable.
Key rating drivers
Covered bond rating anchor: A-. The issuer rating is the starting point of the
covered bond rating. It
reflects that Landkreditt Boligkreditt (LKBol), a wholly owned subsidiary, is
fully aligned with that of
Landkreditt Bank. Through the issuance of covered bonds, LKBol provides secured
funding for its
parent. Scope expects it to benefit from full support from its parent in case of
need (see detailed
rating report here).

Kontakt:

Per Bjarne Kvande
Finanssjef
per.bjarne.kvande@landkreditt.no
Mobil 0047 95255817

More information:
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