Integral role in Norway's local government sector Very strong state support, with central government as the 100% owner Very strong asset quality in lending and investments Prudent asset-liability matching and conservative liquidity policies Relatively low but strengthening capital base 100% sector concentration with some exposure to individual borrowers The ratings on KBN Kommunalbanken Norway, the premier provider of funding to local governments in Norway, are based on the institution's integral role in the Norwegian local government sector, very strong asset quality in lending and investments, and prudent asset-liability matching and conservative liquidity policies. The ratings also reflect Standard & Poor's Ratings Services' opinion that the implicit guarantee and government support from Kommunalbanken's owner, the Kingdom of Norway (AAA/Stable/A-1+), is very...
Companies mentioned in this report are:
- KBN Kommunalbanken Norway
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