Standard & Poor's confirms KommuneKredit's AAA rating

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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."

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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.

Contacts

Jens Lundager

Jens Lundager

Press contact CEO +45 3369 7622

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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

KommuneKredit

KommuneKredit is a Danish special-purpose credit institution, providing funding for the local growth and green transition in municipalities and regions across Denmark.

KommuneKredit is an association with sustainability at its core and a strong ESG profile. Our member base consists of all Danish municipal and regional authorities. Our guarantee structure and safe business model have secured us a premium credit rating (AAA) (Aaa).

That is why we can offer municipalities and regions instant and uncomplicated access to financing of projects large or small and at the lowest possible cost. With equal opportunities and terms for all – across the entire country.

That is how it has been since 1899, when KommuneKredit first disbursed a loan. And that is the way it is today, as our dedicated employees advise on and arrange more than 2,000 loans every year.

When investors buy our bonds, we can disburse loans for purposes ranging from energy renovation of a local sports centre to the purchase of a new eco-friendly hybrid ferry, or the establishment of more sustainable district heating systems across the country.

For the benefit of ordinary citizens, for our local communities, and for an even greener future.

KommuneKredit
Kultorvet 16
DK-1175 Copenhagen K
Denmark
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