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Today Nordic Credit Rating AS (NCR) published an update to its Rating Principles methodology. The changes have no impact on NCR's existing ratings.

• Read more about Nordic Credit Rating updates its Ratings Principles methodology

Nordic Credit Rating (NCR) believes that retail property owners in the Nordic region will face challenges

• Read more about Retail properties under pressure

• Read more about Offentliga Hus i Norden AB (publ)

The rating was withdrawn on 14 Oct. 2021.

NCR is now able to assign ratings to covered bond instruments.

• Read more about Nordic Credit Rating publishes its final methodology for covered bonds

Nordic niche banks focusing on unsecured consumer lending have recently encountered headwinds from regulators and in the stock market.

• Read more about Nordic niche consumer banks face regulatory headwinds

With an average credit assessment of 'bbb+' for the fifth year in a row, a sample of over 300 Nordic banks demonstrated stable creditworthiness in 2018.

• Read more about Has Nordic bank creditworthiness reached its peak?

• Read more about Resurs Bank AB (publ)

Resurs Bank provides consumer loans via point-of-sale payment solutions for retail and e-commerce partners as well as direct marketing channels in Scandinavia. The bank was founded in 1977 and has had a Swedish banking licence since 2001. It has two main divisions – Payment Solutions and Consumer Lending. The Payment Solutions division acts in partnership with retailers and provides financing for large consumer goods and services.

• Read more about Fastighets AB Stenvalvet (publ)

Fastighets AB Stenvalvet (publ) was founded in 2010 when AI Pension, Alecta Pension foundation and the Church of Sweden's pension foundation joined together with the purpose of purchasing, developing and managing homes for the elderly in the Mälardalen region. Following the acquisition of Roxanne Real Estate Foundation AB in 2014, the ownership structure was broadened to include Kåpan Pensions and the Swedish Foundation for Strategic Research.

Following requests from market participants, NCR extend the comment period to 31 May 2019.

• Read more about NCR extends covered bond comment period to 31 May

The covered bond rating methodology focuses on Nordic covered bond issuers, national regulations and market characteristics.

• Read more about Nordic Credit Rating publishes its methodology for covered bonds