New ratings follow methodology update; ratings removed from criteria review.
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viewNordic Credit Rating (NCR) said today that it had assigned an 'N2' short-term issuer rating to Norway-based NorgesGruppen ASA, in accordance with its revised short-term rating scale. The assigned short-term rating is the higher of the alternatives given the long-term issuer rating of 'BBB+', which reflects our assessment that the company's liquidity is strong. At the same time, the 'BBB+' long-term issuer rating and the 'BBB+' senior unsecured issue ratings were affirmed. The outlook is stable.
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viewRating reflects strong credit metrics and government ownership.
viewNordic Credit Rating (NCR) said today that it had assigned an 'N2' short-term issuer rating to Norway-based SpareBank 1 Østfold Akershus, in accordance with its revised short-term rating scale. At the same time, the 'A' long-term issuer rating, the 'A' senior unsecured issue ratings, the 'A-' Tier 2 issue ratings and the 'BBB' Additional Tier 1 issue ratings were affirmed. The outlook is stable. The ratings are no longer under criteria review.
viewNordic Credit Rating (NCR) said today that it had assigned an 'N2' short-term issuer rating to Norway-based Kredittforeningen for Sparebanker, in accordance with its revised short-term rating scale. The assigned short-term rating is the higher of the alternatives given the long-term issuer rating of 'A-', which reflects our assessment that the bank's liquidity is adequate. At the same time, the 'A-' long-term issuer rating and the 'A-' senior unsecured issue ratings were affirmed. The outlook is stable.
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