On 22 May 2018, S&P Global Ratings (S&P) announced a new methodology for rating non-U.S. public-sector funding agencies, specialized not-for-profit institutions established to secure and provide cost-efficient funding to public sector entities in their domicile country or region. As a result of the new methodology, S&P announced that it had placed ratings of ten public-sector funding agencies, including Kommuninvest, under criteria observation (UCO).
S&P has now announced the completion of its review of Kommuninvest, and has affirmed its AAA long-term credit rating of Kommuninvest, with a stable outlook. The short-term credit rating is A-1+. S&P has also removed Kommuninvest from UCO.
The stable outlook reflects S&P’s expectation that Kommuninvest’s guarantee structure will remain unchanged and that the agency will continue to benefit from unwavering membership support. S&P expects Kommuninvest’s management to maintain low risk tolerances and continue to contain risks associated with the wholesale funded nature of its activities. S&P also expects that Kommuninvest will successfully navigate instances of regulatory risk and continue to pre-empt situations so that its low risk profile, lending services, and ultimately the execution of its public policy role, are not impacted.
Download the rating report here.
Maria Viimne, Chief Operating Officer, tel: +46 703 33 69 02, e-mail: firstname.lastname@example.org
Christian Ragnartz, Head of Debt Management, tel: +46 706 07 38 34, e-mail: email@example.com
Björn Bergstrand, Head of Media Relations, +46 708 86 94 76, e-mail: firstname.lastname@example.org