Landkreditt Boligkreditt AS is a wholly owned, specialised credit institution dedicated to providing secured covered bond funding for its parent, Landkreditt Bank (both rated A- with a Stable Outlook).

The covered bond rating is anchored on the issuer rating, and further enhanced by:

1. five notches reflecting Scope’s analysis of Norway’s legal covered bond framework, the credit benefits of the resolution regime for issuers and covered bonds, and systemic importance;
    
2. at least one additional notch of uplift reflecting the cover pool’s ability to mitigate identified credit and market risks under stressed assumptions.

Download the full rating report here.