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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.
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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.
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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.
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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.