Announcements

    Drinks

      New analysis on mortgage covered bonds issued by SSB Boligkreditt AS
      MONDAY, 24/04/2023 - Scope Ratings GmbH
      Download PDF

      New analysis on mortgage covered bonds issued by SSB Boligkreditt AS

      Scope Ratings has updated its report on the Obligasjoner med fortrinnsrett (Norwegian mortgage-covered bonds) issued by SSB Boligkreditt AS.

      SSB Boligkreditt AS’s covered bond ratings reflect the bank’s issuer rating of A- combined with governance and cover pool support. A soft-bullet profile and overcollateralisation reduce risks from maturity mismatches; its low loan-to-value cover assets are resilient to stress.

      The AAA rating of the covered bonds is vulnerable to a downgrade if the issuer’s credit quality deteriorates by three or more notches.

      This monitoring note does not constitute a rating action, nor does it indicate the likelihood of a credit rating action in the short term. On 18 April 2023, Scope affirmed the covered bonds at AAA/Stable. Click here for the corresponding press release.

      Download the performance update.

      Related news

      Show all
      Updated rating report on Finbureau LLC

      10/6/2024 Monitoring note

      Updated rating report on Finbureau LLC

      Scope affirms IBL Banca SpA's issuer rating at BBB with Stable Outlook

      10/6/2024 Rating announcement

      Scope affirms IBL Banca SpA's issuer rating at BBB with ...

      Case for cross-border consolidation remains weak; but domestic deals in Europe have potential

      3/6/2024 Research

      Case for cross-border consolidation remains weak; but ...

      Spanish banks quarterly: profitability better than expected; competitive dynamics shifting

      30/5/2024 Research

      Spanish banks quarterly: profitability better than expected; ...

      Scope publishes updated covered bond rating methodology and calls for comments

      27/5/2024 Research

      Scope publishes updated covered bond rating methodology and ...

      Scope affirms at AAA/Stable the covered bonds issued out of Realkredit's capital centres S and T

      24/5/2024 Rating announcement

      Scope affirms at AAA/Stable the covered bonds issued out of ...