Ratings Affirmed On Nordea Kredit Realkredit's Capital Center 1 Covered Bonds Following Review; Outlook Stable

OVERVIEW We have reviewed our ratings on Nordea Kredit Realkredit's Capital Center 1 mortgage covered bonds as part of our scheduled review calendar. Following our review, we have affirmed our ratings on the capital center and related issuances. The stable outlook on our ratings reflects the four unused notches of uplift on the covered bonds. LONDON (Standard&Poor's) Nov. 11, 2015--Standard&Poor's Ratings Services said today that it has completed its review of its credit ratings on Nordea Kredit Realkredit A/S' Capital Center 1 mortgage covered bond program as part of our regular review and by applying its revised criteria for commercial real estate assets in covered bonds (see "Methodology And Assumptions: Analyzing European Commercial Real Estate Collateral

...OVERVIEW + We have reviewed our ratings on Nordea Kredit Realkredit's Capital Center 1 mortgage covered bonds as part of our scheduled review calendar. + Following our review, we have affirmed our ratings on the capital center and related issuances. + The stable outlook on our ratings reflects the four unused notches of uplift on the covered bonds. LONDON (Standard & Poor's) Nov. 11, 2015--Standard & Poor's Ratings Services said today that it has completed its review of its credit ratings on Nordea Kredit Realkredit A/S' Capital Center 1 mortgage covered bond program as part of our regular review and by applying its revised criteria for commercial real estate assets in covered bonds (see "Methodology And Assumptions: Analyzing European Commercial Real Estate Collateral In European Covered Bonds," published on March 31, 2015). As a result, we have affirmed our '###' ratings on the capital center and related issuances. The outlook on our ratings is stable. Under our covered bonds criteria,...

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