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KBN Kommunalbanken Norway Jun 09 Product Image

KBN Kommunalbanken Norway Jun 09

  • ID: 2051931
  • June 2009
  • Region: Norway
  • Standard & Poors

FEATURED COMPANIES

  • KBN Kommunalbanken Norway
  • MORE

Abstract
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

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

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- KBN Kommunalbanken Norway

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