Ratings

Nykredit solicits ratings from the international credit rating agencies S&P Global Ratings (S&P) and Fitch Ratings (Fitch)

 

Issuer S&P     FITCH    
Nykredit Realkredit A/S Long-term Short-term Outlook Long-term Short-term Outlook
Resolution Counterparty Rating AA- A-1+        
Issuer credit rating A+ A-1 Stable A F1 Stable
Senior unsecured preferred debt A+ A-1   A+ F1  
Senior unsecured
non-preferred debt
BBB+     A    
Tier 2 subordinated debt BBB     BBB+    
Additional Tier 1 capital BB+     BBB-    
Covered bonds (SDO)1 AAA   Stable      
Covered bonds (RO)2,3 AAA   Stable      
Senior secured debt4 AA   Stable      
Nykredit Bank A/S Long-term Short-term Outlook Long-term Short-term Outlook
Resolution Counterparty Rating AA- A-1+        
Issuer Credit Rating A+ A-1 Stable A F1 Stable
Senior unsecured preferred debt A+ A-1   A+ F1  
Deposits A+ A-1   A+ F1  
Totalkredit A/S Long-term Short-term Outlook Long-term Short-term Outlook
Covered bonds (RO)5 AAA   Stable      

SDO = Særlig Dækkede Obligationer, issued out of capital centres E and H

RO = Realkreditobligationer, issued out of Nykredit Realkredit in General ("instituttet i øvrigt") and capital centres C, D, G and I

3 Nykredit has requested S&P Global Ratings to cease its credit rating of the ROs issued out of Nykredit Realkredit in General ("instituttet i øvrigt") and capital centre C as per 1 January 2024. Please refer to Company Announcement of 22 December 2022

4 Also known as Junior Covered Bonds (JCB) or Section 15 bonds. Currently no publicly traded bonds

5 RO = Realkreditobligationer, issued out of capital centre C

Recent rating agency reports

Fitch - Rating Affirmed

15 September 2023

Nykredit Realkredit A/S

S&P - Full Report

16 May 2023

Nykredit Realkredit A/S

FITCH - FULL REPORT

17 October 2022

Nykredit Realkredit A/S