19/1/2026 Rating announcement EN
Scope affirms and publishes NRW.BANK’s AAA credit rating with Stable Outlook
The rating is equalised with the Federal State of North Rhine-Westphalia’s due to the explicit refinancing guarantee the state provides to NRW.BANK. Further, NRW.BANK benefits from a mature legal setup, high strategic importance and strong fundamentals.
10/12/2025 Rating announcement EN
Scope affirms L-Bank at AAA with Stable Outlook
The rating is supported by the guarantee of the German Federal State of Baden-Württemberg (AAA/Stable) for L-Bank's existing and future obligations with respect to money borrowed, bonds issued, and derivative transactions entered into by the bank.