KommuneKredit

This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.

KommuneKredit returned to triple-A status with Standard & Poor’s on Wednesday, after it was downgraded a notch last summer following an overhaul of the rating agency's credit scoring methods for non-US public sector agencies.

This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.

This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.

Guarantor: All Danish municipalities and regions

World Bank raised $4.5bn of five year bonds on Tuesday with its first dollar benchmark of the year. Municipality Finance (MuniFin) joined it at the tenor a day later, but this is widely expected to be SSA issuers’ last hurrah in the currency for a few weeks.

This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes halfway through the first quarter.

Public sector agencies from the Nordic region are adapting to S&P Global Ratings’ overhaul of its rating methodology. So far, only KommuneKredit has been downgraded under the new rating criteria, but others could suffer similar fates.

This week's scorecard looks at the progress Nordic agencies have made in their 2018 funding programmes as the end of the year approaches. Some of the agencies have also published their funding targets for 2019.

Rating: Aaa/AA+

KommuneKredit took a careful approach to its first benchmark deal since losing its triple-A rating with S&P. It found a good reception after starting with a wider initial pricing level.

KommuneKredit hit the screens on Tuesday for a new five year euro benchmark, hoping to emulate the success of the European Stability Mechanism’s deal in the same currency and maturity in July.