This report does not constitute a rating action. Overview Key strengths Key risks Low-risk local and regional government (LRG) lending and a strong market position rooted in a well-defined public sector mandate underpin the rating on Kommuninvest i Sverige AB. The agency has wholesale funding with exposure to possible adverse developments in global capital markets. Members are highly creditworthy and liable for the agency's obligations under joint and several guarantees. The agency maintains healthy capital and liquidity positions, supported by reliable access to diversified funding, including the Riksbank. We expect the credit quality of Swedish LRGs to remain sound, supporting Kommuninvest i Sverige AB's sector risk profile. Despite financial challenges, including an aging population, subdued population growth, and sizable investment
