European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

Nord/LB Luxembourg S.A . Covered Bond Bank/Preferred Senior Unsecured

Nord/LB Luxembourg S.A . Covered Bond Bank

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB- Watch NEW 24.03.2020 28.03.2020
BBB- Watch UNW 12.12.2019 18.12.2019
BBB- Watch UNW 18.06.2019 21.06.2019
BBB- 25.09.2018 17.10.2018


  • 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.
  • 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.
  • 21.06.2019
    Creditreform Rating AG has revised its rating methodology for the rating of "Bank Capital and Unsecured Debt Instruments". Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, 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 methodology can be found at
  • 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-.

ISIN Liste

ISIN Action Validity Date Maximum Validity
XS2096037564 07.01.2020
XS1954744279 01.03.2019
XS1918085926 12.12.2018
XS1918079283 12.12.2018
XS1918075539 12.12.2018
XS1918075026 12.12.2018
XS1127599568 03.12.2018
XS1449979720 03.12.2018 04.02.2019
XS1270845644 03.12.2018 10.08.2020
XS1900799377 03.12.2018
XS1615224570 03.12.2018
XS1401990012 03.12.2018
XS1150697131 03.12.2018 10.07.2020
XS1506573341 03.12.2018
XS1335365828 03.12.2018
XS1127599725 03.12.2018 16.10.2019
XS1449979647 03.12.2018
XS1196748914 03.12.2018
XS1737058245 03.12.2018
XS1542241143 03.12.2018 29.05.2019
XS1401989949 03.12.2018
XS1150696919 03.12.2018
XS1506573184 03.12.2018
XS1335365588 03.12.2018 18.03.2020
XS1910288130 03.12.2018
XS1401990103 03.12.2018 30.07.2019
XS1196748757 03.12.2018 07.03.2019
XS1615236319 03.12.2018
XS1542240921 03.12.2018 28.08.2020
XS1335366123 03.12.2018