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Credit Rating

KBN maintains the highest possible credit rating, (Aaa/AAA, Stable/Stable), from Moody’s Investors Service and Standard & Poor’s and is identified as one of four systemically important financial institutions in Norway.

KBN’s excellent rating is owing to full state ownership, the central public policy mission, a strong capital base, solid financial and operating performance and prudent financial and risk management policies.

The rating agencies carry out rating updates of KBN on a regular basis.

KBN's tier II subordinated issue is rated Aa3/AA+.

  Long term Short term Outlook
Moody's Investors Service Aaa P-1 Stable
Standard & Poor's   AAA A-1+ Stable

KBN Ratings Reports

KBN Moody's Credit Opinion (05/23)

KBN S&P Research Update (06/23)

Norway Ratings Report

Kingdom of Norway Rating Report (Moody's)


Other Reports

Moody's Nordic Specialist Lenders FAQ (05/2018)

S&P Public Finance System Overview.pdf

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