Moody’s Investor Service has published their Update to Credit Opinion confirming KommuneKredit’s Aaa rating and stable outlook.
Moody’s highlights the following:
the support offered by the joint and several guarantee provided by its RLG members,
the agency's close association with the central government,
its public policy mandate and dominant franchise in Denmark,
prudent financial managem
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 imp
KommuneKredit’s Green Bond Committee has approved new green loans in the amount of DKK 3.1 billion. Including these recent approvals, which emphasizes the development of the green transition in the Danish municipalities and regions, the committee has approved green loans for a total of DKK 22.4 billion.
Last week, KommuneKredit’s Green Bond Committee approved green loans in the amount of DKK 3
The local and regional investments in green transition in Denmark, that are among others financed by means of KommuneKredit’s green bonds, are expected to contribute to an annual CO2 reduction of 665,000 tonnes. This is equivalent to the annual emission of approximately 35,000 Danish citizens. KommuneKredit launched its inaugural green bond in 2017, and by year end 2019 the value of disbursed loan
On 3 June 2020 KommuneKredit completed the issue of a new 5-year USD 1bn benchmark and a switch and tender offer for existing investors in two outstanding USD benchmarks.
The switch and tender announcement for the two outstanding USD benchmarks was published on 2 June 2020 alongside the mandate for a new 5-year USD benchmark. Books for the new benchmark was officially opened on 3 June 2020. Bas
Responsibility is an integrated part of KommuneKredit's business model. The association supports local development and growth by funding local investments in construction and infrastructure, including the green transition of the society. This is done on a nonprofit basis and on equal terms regardless of location.
The Danish municipalities and regions are in the process of planning and implement
