The Covered Bond Report

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DNB Boligkreditt drops Fitch from covered bond ratings

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.