Following a review of Nordic Investment Bank (NIB), we have affirmed our long- and short-term issuer credit ratings on NIB at 'AAA/A-1+'. The stand-alone credit profile for NIB is 'aa+', reflecting our assessment of its "very strong" business profile and financial profile, as our criteria define the term. NIB benefits from €5.4 billion (twice its equity and reserves) callable capital from 'AAA' rated shareholders, which results in a ratings uplift of the issuer credit profile to 'AAA'. The stable outlook reflects our expectation that the bank's public policy role as a multilateral lending institution (MLI) will continue, based on the extensive support provided by its owners. LONDON (Standard&Poor's) Oct. 9, 2013--Standard&Poor's Ratings Services today affirmed its
