Credit Rating

SpareBank 1 Østlandet’s deposits and senior preferred debt
is rated by Moody’s Investors Service (Moody’s).

Type LT Counterparty Risk Rating - Fgn Curr
Outlook Not Assignned
Long Term Debt Aa3
Type Senior Unsecured - Fgn Curr
Outlook  Stable
Long Term Deposit Aa3
Type  LT Bank Deposits-Fgn Curr
Outlook Stable

Credit Strengths

  • Solid capital levels provide a good loss absorption buffer.
  • Asset-risk metrics are strong on the back of a relatively low risk retail mortgage portfolio.
  • Large volume of deposits and junior debt resulting in deposit ratings benefit from a very low loss given failure rate.

Credit challenges

  • Similar to other Norwegian savings banks, the bank's ratings are constrained by its relatively narrow geographic focus and high credit concentration in commercial real estate (CRE).
  • High reliance on market funding exposes the bank to potential change in investor sentiment

Credit rating history