We base our ratings on NIB on our assessment of its very strong business profile and extremely strong financial profile, as our criteria define these terms. Sound core earnings in 2014 combined with the sustained robust credit quality of its growing loan book has provided for an extremely strong capital position, which underpins our assessment of its current stand-alone credit profile (SACP) at 'aaa' compared with 'aa+' previously. Denmark, Sweden, Norway, Finland, and Iceland founded NIB at the Nordic countries' joint international financial institution in 1975. Its primary purpose is to promote economic growth in member countries by financing medium- and long-term projects in the private and public sectors that strengthen competitiveness and enhance the environment by promoting green growth
