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 AAA   Stable      
Senior secured debt3 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)4 AAA   Stable      

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

RO = Realkreditobligationer, issued out of capital centres D, G and I.

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

4 RO = Realkreditobligationer, issued out of capital centre C

 

Recent rating agency reports

S&P - Update Report

31 January 2024

Nykredit Realkredit A/S

FITCH - FULL REPORT

21 December 2023

Nykredit Realkredit A/S

Fitch - Rating Affirmed

15 September 2023

Nykredit Realkredit A/S