Press release -
Standard & Poor's confirms KommuneKredit's AAA rating
The credit rating agency, Standard & Poor's, has announced its annual credit rating of KommuneKredit in which they confirm KommuneKredit's AAA rating. The outlook is stable.
In particular, Standard & Poor's emphasizes:
- Very high credit quality in the municipal and regional sector, which is expected to continue despite the economic uncertainty in the light of COVID-19.
- Strong and improved liquidity and funding profile.
- Very strong capitalization.
KommuneKredit's CEO, Jens Lundager, says: "I am very pleased that KommuneKredit maintains its AAA rating with Standard & Poor’s with a stable outlook - just as we expected. Throughout the COVID-19 pandemic we have served our customers as usual. Once again, it supports KommuneKredit's strong business model. Municipalities and regions can always count on us providing attractive conditions of financing and supporting necessary investments, also in connection with the green transition."
KommuneKredit is an association, whose purpose is to provide lending to municipalities and regions and companies with a 100% municipal guarantee.
The association is the municipalities and regions own credit institution and exist solely for our clients.