Five Swedish savings banks' ratings affirmed; removed from criteria review
Ratings affirmed in accordance with revised methodology.
ALL
Four Norwegian savings banks' ratings affirmed; removed from criteria review
Ratings affirmed in accordance with revised methodology.
Spareskillingsbanken
Spareskillingsbanken, established in 1877, is a mid-sized savings bank headquartered in Kristiansand, Norway. It primarily serves retail customers and SMEs in the Kristiansand region. Spareskillingsbanken operates as an independent self-owned savings bank and offers several financial services to household and corporate borrowers. These services include savings accounts, loans, mortgages, insurance, leasing and investment services. Spareskillingsbanken is a member of Lokalbanksamarbeidet banking cooperative, which consists of small and medium-sized local savings banks.
Vegamot AS
Vegamot was established as a local toll company in 1983 and became a regional operator through Norway's toll reform in 2015. Vegamot has responsibility for the counties of Trøndelag and Møre og Romsdal. Trøndelag owns 67% of Vegamot's capital and Møre og Romsdal 33%. Vegamot's mission is to provide efficient financing for toll projects on behalf of its owners through borrowing and collection of tolls. The county governments act as guarantors for loans.
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.
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