Ratings

External ratings show how the economic situation and creditworthiness of companies, institutions or states are assessed. Ratings are carried out on the basis of quantitative and qualitative factors. The result of a rating is the allocation to a credit rating level or rating class. The designations of the levels vary from one rating agency to the next.

NORD/LB is currently assessed by three rating agencies.

The main ratings and current reports can be found here:

Moody's Investors Service

Ratings  
Public-Sector Covered Bonds (Öffentliche Pfandbriefe) Aa1
Mortgage Covered Bonds (Hypothekenpfandbriefe) Aa1
Senior unsecured preferred debt A3
Senior unsecured non-preferred debt Baa2
Subordinate-/Tier-2-Bonds Ba2
Instrinsic financial strength (Adjusted Baseline Credit Assessment) ba1

Fitch Ratings

Ratings  
Senior unsecured preferred debt A
Senior unsecured non-preferred debt A-
Subordinate-/Tier-2-Bonds B+
Intrinsic financial strength (Viability Rating) bb

DBRS Morningstar

Ratings  
Senior unsecured preferred debt A (high)
Senior unsecured non-preferred debt A
Subordinate-/Tier-2--Bonds BBB (high)
Intrinsic financial strength (Intrinsic Assessment) BBB (low)

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.

 

Sustainability ratings

Ratings  
MSCI                                                            A
ISS ESG C+ Prime

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


 

Links to ratings of our subsidiaries

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