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Webinar: Challenging times for real estate companies

On 28 Sep 2023, Nordic Credit Rating publishes a sector commentary on the real estate sector. In connection with this publication, the analytical team will present their view of the sector and its outlook.

Time and place: Teams Online - 28 September at 14:00-14:30 CET.
Registration: Click here.

Please note that the webinar will be held in Swedish.

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Nordic consumer banks' earnings compensate elevated credit losses

Earnings performance adds buffer for high loan-loss provisions.
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Småkraft AS

Submitted by analyticalplatform on Thu, 08/31/2023 - 07:41
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Småkraft is a Norway-based hydropower producer which owns and operates over 220 power plants. It is Europe's largest small-scale hydropower producer. The company operates plants in Norway and Sweden, with Norway dominating revenues and production capacity. Småkraft develops, operates and invests in power plants in cooperation with landowners, which carry out maintenance and supervision. Most of the facilities are run-of-river plants with low impact on local biodiversity.

Nordic consumer banks' loss provisions remain elevated

Q1 performance confirms trends of previous quarter, while NPL metrics rise slightly.
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Austevoll Seafood ASA

Submitted by analyticalplatform on Thu, 06/01/2023 - 06:35
  • Read more about Austevoll Seafood ASA

Austevoll was founded as Austevoll Havfiske AS in 1981 by the Møgster family. It is a major seafood company with operations in the North Atlantic and South Pacific and facilities and sales worldwide. As the majority owner of Lerøy Seafood Group ASA, Austevoll covers the entire Atlantic salmon value chain. It has prominent operations in pelagic and whitefish fishery, fishmeal, and oil production. Its subsidiaries include Austral Group S.A.A., Foodcorp Chile S.A., Br.

Nordic Credit Rating publishes final amendments to issue rating methodology for corporate issuers

All corporates with ratings on outstanding senior unsecured instruments placed 'Under Criteria Review'.
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Nordic consumer banks increase loss provisions amid rising cost of living

Strong Q4 earnings bolster regional niche lenders’ capital ratios.
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Salmon prices likely to remain strong due to low supply growth

Any increase in production costs will mostly be passed on to end-customers.
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Eiendomskreditt AS

Submitted by analyticalplatform on Thu, 02/23/2023 - 05:00
  • Read more about Eiendomskreditt AS

Eiendomskreditt was established in 1997 and is a regulated mortgage credit institution based in Bergen, Norway. The company is a specialised mortgage provider, financing commercial real estate for SME borrowers, multi-family rental housing, and housing association mortgages. The company has issued covered bonds in Norway since 2009 and received approval to issue European Covered Bond (Premium) covered bonds in 2022.

Sweden's real-estate sector faces growing challenges

Property value declines likely to add to financial risk. 2023-outlook
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