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.

Capital allocation choices may weaken credit quality of Swedish real estate issuers in 2026

Financing conditions are expected to remain supportive, although there is a risk of increased cash flow leverage due to shareholder-friendly actions.

Sparebank 68º Nord

Heba Fastighets AB (publ)

NCR Comments: OBOS BBL 'BBB-' rating and outlook unchanged despite weak 2025 revenues

EBITDA and credit metrics supported by bank and JV payouts, offsetting weak residential development.

Andøya Space AS assigned 'BBB-' long-term issuer rating; Outlook stable

Rating reflects government ownership and important policy role.