NORD/LB has commissioned three rating agencies to assess its creditworthiness. Here you can find the assigned credit ratings, together with the current reports in which the agencies explain their respective assessments comprehensively and transparently.
You can also find the NORD/LB’s ESG ratings on this page.

Moody's Investors Service

Covered Bonds (Public Sector and Mortgage) Aaa
Senior Preferred, Long-term Rating Aa2
Senior Non-Preferred A1
Subordinate-/Tier-2 Baa1
Stand-alone (Baseline Credit Assessment)    ba2
Short-term Rating P-1

Fitch Ratings

Senior Preferred A
Senior Non-Preferred, Long-term Rating A-
Subordinate-/Tier-2 BB-
Stand-alone (Viability) Rating bb+
Short-term Rating F1

DBRS Morningstar

Senior Preferred, Long-term Rating A (high)
Senior Non-Preferred A
Subordinate-/Tier-2 A (low)
Standalone (Intrinsic Assessment) BBB
Short-term Rating R-1 (middle)

Sustainability ratings

MSCI*                                                           BBB**
Sustainalytics 19.2 (low-risk)***
ISS ESG C (Prime)****

*The use by NORD/LB of any MSCI ESG Research LLC or its affiliates ("MSCI") date, and the use of MSCI logos, trademarks, service marks or index names herein do not constitute a sponsorship, endorsement, recommendation, or promotion of NORD/LB by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided "as is" and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
** August 2023
*** December 2023
**** March 2024, Decile Rank 1

You can find more information on the topic of sustainability here.

The rating information published here is publicly available. The presentation on our homepage is a service for our stakeholders and investors and does not mean that NORD/LB supports or agrees with the information, conclusions or recommendations given there. NORD/LB therefore assumes no liability for the accuracy, currency and correctness of these statements. They also do not constitute a recommendation for buying bonds.