Public Sector Covered Bonds Nord/LB Luxembourg S.A. Covered Bond Bank

News

• 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". Subsequently, the covered bond ratings will be reviewed and receive the rating supplement "watch" as well. Our revised rating methodologies can be found at www.creditreform-rating.de.
• 01.10.2020
  Creditreform Rating has lowered the rating of the public sector covered bonds of NORD/LB Luxembourg S.A. Covered Bond Bank to A+ from AA-, The outlook is stable.
  
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 28.03.2020
  Creditreform Rating has revised its outlook on all valid bank ratings, bank issues and covered bonds to watch negative from stable 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.
• 23.12.2019
  Creditreform Rating has set the rating of the public sector covered bonds of NORD/LB Luxembourg S.A. Covered Bond Bank at “watch”. This is primarily due to the issuer rating, which is also set at “watch”. Should any changes occur to the rating in the future, we will update them accordingly during monitoring.
• 21.02.2019
  Creditreform Rating assigned a rating of AA- to the public sector covered bonds of NORD/LB Luxembourg S.A. Covered Bond Bank, The outlook is stable.