Kongsberg Gruppen ASA 'A-' long-term issuer rating affirmed; Off watch; Outlook stable

Rating affirmed post distribution of Maritime business.

Sparbanken Mälardalen AB 'A-' long-term issuer rating affirmed; Outlook stable

Merged bank expected to remain stable while benefitting from larger size.

NCR Comments: Svensk FastighetsFinansiering AB (publ) 'BBB+' rating and outlook unchanged following amended loan terms

SFF rating and outlook unchanged on amended loan terms.

RørosBanken Røros Sparebank

SalMar ASA long-term issuer rating lowered to 'BBB'; Outlook stable

Downgrade driven by increased debt and lower expected cash flow

NCR Comments: Swedish plan could increase funding costs for domestic niche banks

A yet-published Riksgälden proposal could raise deposit guarantee fees for higher-risk banks.

Mowi ASA 'BBB+' long-term issuer rating affirmed with stable outlook

Rating reflects strong market position and moderate financial leverage.

LSTH Svenska Handelsfastigheter AB (publ)

Sparbanken i Karlshamn assigned 'BBB+' long-term issuer rating; Outlook stable

Rating reflects strong capital, solid market position, and moderate risk appetite.

Structural constraints driving salmon prices

We expect increasing consolidation of the salmon farming sector.