Skip to content
KommuneKredit's AAA rating affirmed by Standard & Poor's

Press release -

KommuneKredit's AAA rating affirmed by Standard & Poor's

The credit rating agency, Standard & Poor’s, has announced its annual credit rating of KommuneKredit in which they affirm the company’s AAA rating. The outlook is stable.

In its credit rating, Standard & Poor’s places special emphasis on:

  • 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.
  • KommuneKredit’s very strong liquidity and funding profile.
  • KommuneKredit’s very strong capitalization.

In connection with the credit rating, the CEO of KommuneKredit, Jens Lundager, says:

“I am very happy that KommuneKredit maintains its AAA rating with Standard & Poor’s – just as expected. In addition, Standard & Poor's has revised upwards their assessment of our liquidity profile, so that it now receives the highest possible assessment thus cementing our AAA rating. Municipalities and regions can count on us always being able to provide attractive conditions of financing and support their necessary investments, also when it comes to the green transition."

Subjects


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.

Press contacts

Jens Lundager

Jens Lundager

Press contact CEO +45 3369 7622

KommuneKredit

Purpose
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 exists solely for our clients.
Mission
KommuneKredit must create financial latitude for Danish local authorities by providing funding and financial advice at the lowest possible cost.

Vision
We want to be the best funding choice for our clients, regardless of the given conditions.
We want to be contemporary, efficient and engaged, while focusing on high quality, steadiness and stability.

Joint and several liability
KommuneKredit’s members are Danish municipalities and regions that have loans, or guarantee or are liable for loans. Members are jointly and severally liable for all of KommuneKredit’s liabilities.

KommuneKredit’s lending is financed by the issue of securities in the Danish and international capital markets.
KommuneKredit is rated by Moody’s Investors Service and Standard and Poor’s. KommuneKredit’s long-term debt is rated Aaa/AA+ and the short-term debt is rated P-1/A-1+.

KommuneKredit
Kultorvet 16
DK-1175 Copenhagen K
Denmark
Visit our other newsrooms