Nordic Credit Rating publishes amended Financial Institutions Rating Methodology
All affected issuers placed under criteria review.
ALL
PostNord AB
PostNord was founded in 2009 through a merger of the Swedish and Danish national government postal companies, Posten AB and Post Danmark A/S. The company offers parcel, logistics and postal and related services across the Nordic region. Its network includes international operations (PostNord International) that focus on e-commerce and logistics, while subsidiary Strålfors provides omni-channel communication services. PostNord is owned by the Swedish and Danish governments, which each hold 50% of the voting rights.
Ringerike Kommune
Ringerike was established in 1964 and is part of Buskerud county. Located in Norway's Eastern region, the municipality is a one-hour drive from Oslo. It has a population of around 32,000 and occupies an area of 1,500 sq km. Most residents live in Ringerike's centre, Hønefoss.
Norwegian real estate faces uncertain operating conditions
Prime yields set to be affected by higher financing costs.
NCR comments: Ratings unchanged following US tariffs on NCR-rated issuers
NCR-rated issuers could face challenges due to macroeconomic uncertainty.
Comparison of Swedish industrial and logistics property managers
Subsector's cash flows at risk if inflation resurfaces.
RørosBanken Røros Sparebank
Rørosbanken is one of Norway's oldest savings banks, established in 1842. It operates as an independent savings bank via its headquarters in Røros, as well as a retail branch office in Oslo since 2006. Lending has traditionally been centred in Røros and the neighbouring mountainous region but currently constitutes a smaller portion of the portfolio as the bank has targeted growth in the metropolitan areas of Oslo and Trondheim. The bank is a member of the Eika Alliance, an association of close to 50 small and medium-sized Norwegian savings banks.
NCR comments: Norion Bank ’BB+’ rating unchanged following Balder proposal
Largest owner announces intention to distribute holdings as dividend.
Reminder: Webinars on proposed changes to Financial Institutions methodology
In Norwegian 20 Mar. and Swedish 21 Mar. 13.00
Sparebank 1 Gudbrandsdal
SB1 Gudbrandsdal dates back to 1860. The bank's core region covers seven municipalities in the central part of Norway's Innlandet county. The bank has a decentralised organisation spread across four branch offices in its core market. It employs 86 full-time equivalent employees and has total lending of NOK 15bn, including loans transferred to SB1 Alliance covered bond company SB1 Boligkreditt.