'AAA/A-1+' Ratings Affirmed On Nordea Kredit Realkredit's Capital Center 2 Mortgage Covered Bonds; Outlook Stable

OVERVIEW As part of our ongoing surveillance, we have reviewed our ratings on Nordea Kredit Realkredit's Capital Center 2 Danish mortgage covered bond program and related issuances. The program's available credit enhancement and features remain commensurate with the currently assigned ratings. We are therefore affirming our 'AAA/A-1+' ratings on the Capital Center 2 program and related issuances. The stable outlook on our ratings reflects the three unused notches of collateral-based uplift and one notch of unused jurisdictional support from the reference rating level on the program. LONDON (S&P Global Ratings) Dec. 21, 2017--S&P Global Ratings today affirmed its 'AAA/A-1+' credit ratings on Danish mortgage credit institution Nordea Kredit Realkredit A/S' Capital Center 2 mortgage covered bond program and all series

...OVERVIEW + As part of our ongoing surveillance, we have reviewed our ratings on Nordea Kredit Realkredit's Capital Center 2 Danish mortgage covered bond program and related issuances. + The program's available credit enhancement and features remain commensurate with the currently assigned ratings. + We are therefore affirming our '###/A-1+' ratings on the Capital Center 2 program and related issuances. + The stable outlook on our ratings reflects the three unused notches of collateral-based uplift and one notch of unused jurisdictional support from the reference rating level on the program. LONDON (S&P Global Ratings) Dec. 21, 2017--S&P Global Ratings today affirmed its '###/A-1+' credit ratings on Danish mortgage credit institution Nordea Kredit Realkredit A/S' Capital Center 2 mortgage covered bond program and all series of "sµrligt dµkkede realkredit obligationer" (SDRO) covered bonds issued under it. The outlook on the SDROs is stable. We have conducted a credit and cash flow analysis...

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