Ratings

We are rated by the international credit rating agencies S&P Global (S&P) and Fitch Ratings (Fitch)

Issuer credit ratings

IssuerS&PFITCH
 Long-term / Outlook / Short-termLong-term / Outlook / Short-term
Nykredit Realkredit A/S A / Stable / A-1 A / Stable / F1
Nykredit Bank A/S* A / Stable / A-1 A / Stable / F1

*Core subsidiary of Nykredit Realkredit A/S

Latest issuer rating reports

S&P - Research Update

20 June 2017

Nykredit Realkredit A/S Affirmed At 'A/A-1'; Outlook Stable
S&P - Full Analysis

19 October 2016

Nykredit Realkredit A/S
S&P - Research Update

8 July 2016

Nykredit Realkredit Outlook Revised To Stable On Stronger Additional Loss-Absorption Capacity; 'A/A-1' Ratings Affirmed
Fitch - Full Rating Report

12 October 2017

Nykredit Realkredit A/S
Fitch - Navigator

13 September 2017

Nykredit Realkredit A/S - Navigator
Fitch - Research Update

9 August 2017

Fitch affirms Denmark's Nykredit Realkredit A/S at 'A'/Stable

Debt credit ratings

Nykredit Realkredit A/SS&PFitch
Covered Bonds (SDO = Særligt Dækkede Obligationer, RO = Realkreditobligationer)
Capital Centre E (SDO) AAA / Stable Not rated
Capital Centre H (SDO) AAA / Stable Not rated
Capital Centre C (RO) AAA / Stable Not rated
Capital Centre D (RO) AAA / Stable Not rated
Capital Centre G (RO) AAA / Stable Not rated
Capital Centre General (RO) AAA / Stable Not rated
Capital Centre I (RO) AAA / Stable Not rated
Senior secured debt
Capital Centre D (section 15 bonds) AA- / Stable Not rated
Capital Centre H (section 15 bonds) AA- / Stable Not rated
Senior unsecured debt
Long-term A / Stable A / Stable
Short-term A-1 F1
Senior Resolution Notes BBB+ / Stable A / Stable
Capital instruments 
Tier 2 BBB / Stable A- / Stable
Contingent Capital Notes (Tier 2) BBB / Stable BBB / Stable
Additional Tier 1 BB+ / Stable BB+ / Stable
Totalkredit A/SS&PFitch
Covered Bonds (RO = Realkreditobligationer)
Capital Centre C (RO) AAA / Stable Not rated
Nykredit Bank A/SS&PFitch
Senior unsecured debt
Long-term (EMTN) A / Stable A / Stable
Short-term (ECP and CD) A-1 F1