DNB Boligkreditt drops Fitch from covered bond ratings
Wednesday, 27 November 2013
DNB Boligkreditt has asked Fitch to withdraw the ratings of its covered bonds, according to a filing yesterday (Tuesday), with the Norwegian issuer retaining Moody’s and Standard & Poor’s.
The three agencies all rate DNB Boligkreditt’s covered bonds triple-A. Moody’s rates DNB Bank A1 and S&P rates it A+, but Fitch does not have a rating of DNB Bank, according to DNB’s website. DBRS rates DNB AA.
The filing requested Fitch withdraw its ratings of DNB Boligkreditt’s Eu60bn programme, $12bn US programme and A$4bn Australian programme.