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26.10.2023
Creditreform Rating (CRA) upgrades Nord/LB Luxembourg S.A. Covered Bond Bank's (Group) Long-Term Issuer Rating to A-. The rating outlook is stable.
CRA upgrades Nord/LB Luxembourg S.A. Covered Bond Bank's Preferred Senior Unsecured Debt to A-.
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14.10.2022
Creditreform Rating has affirmed the Long-Term Issuer Rating of NORD/LB Luxembourg Covered Bond Bank at 'BBB+'. The outlook is affirmed at 'stable'. The rating of 'Preferred-Senior Unsecured' Debt is affirmed at 'BBB+'. For further information, please refer to our Rating Update on our website.
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22.10.2021
Creditreform Rating has confirmed the outlook (stable) of NORD/LB Luxembourg S.A. Covered Bond Bank and raised the long-term issuer rating of NORD/LB Luxembourg S.A. Covered Bond Bank from BBB- to BBB+. In addition, Creditreform Rating raised the rating of the Preferred Senior Unsecured Debt from BBB- to BBB+ and changed the rating of the Tier 2 from B+ to not rated (n.r.) due to lack of volume. For further information, please refer to our Rating Report on our homepage.
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06.07.2021
Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology Institutional Protection Scheme Banks. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
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06.10.2020
Creditreform Rating has revised its outlook on the NORD/LB Luxembourg SA Covered Bond Bank to stable from watch negative and affirmed the rating of NORD/LB Luxembourg SA Covered Bond Bank at BBB-. In addition, Creditreform Rating has confirmed the rating of Tier 2 at B+ and the rating of Preferred Senior Unsecured Debt at BBB-. For more details regarding the rating, we refer to our rating report on our homepage.
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28.03.2020
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
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18.12.2019
The planned measures of capital strengthening are responsible for the decision to set the rating to "watch". Following the EU Commission's decision to allow shareholders to strengthen their capital, it remains to be seen how the regulatory capital ratios will develop after the capital increase. After a possible implementation of the capital increase measures and the publication of the audited annual financial statements for fiscal year 2019, the addition "watch" can be removed again.
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17.10.2018
Creditreform Rating has set the rating of NORD/LB Luxembourg SA Covered Bond Bank to BBB-, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Tier 2 was set to B+ and the rating of the Senior Unsecured to BBB-.
