Ratings
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
| Ratings | |
|---|---|
| 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
| 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
| Ratings | |
|---|---|
| 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
| 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.
Contact
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-
Friedrich Karl Strödter
Head of Investor Relations
Phone: +49 (0) 511 361-3878
Mobile: +49 (0) 176 1529 0134
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Jonas Sachs
Investor Relations & Rating Manager
Phone: +49 (0) 511 361-5128
Mobile: +49 (0) 176 1529 0001
