Rating

DLR KREDIT IS RATED BY S&P GLOBAL RATINGS

DLR was first rated by Standard & Poor’s Ratings Services (“S&P”) in May 2012.

In May 2017, S&P raised DLR’s Issuer Credit Rating (ICR) to ‘A-‘, as DLR was granted an ALAC-uplift of +1. On October 23, 2019, S&P changed the outlook for DLR's ratings from positive to stable.

The change in outlook is due to S&P's assessment of sector trends with an increasing pressure on earnings. Thus, the change in outlook does not reflect DLR-specific conditions.

All DLR’s covered bonds (SDO and RO) have been rated ‘AAA’ since 2012.

RATING S&P DATE
Resolution Counterparty Rating (RCR) A/stable outlook 23/10/2019
Long-Term Credit Rating (ICR) A-/stable outlook 23/10/2019
Short-Term Credit Rating A-2/stable outlook 31/05/2012
Stand-Alone Credit Profile (SACP) BBB+/stable outlook 23/10/2019
Capital Centre B (SDO) AAA 24/10/2012
General Capital Centre (RO) AAA 26/11/2012
General Capital Centre (SRN, SNP) BBB 18/05/2017

In recent years, DLR has strengthened its capital base with a view to enhancing resilience to potential drops in property prices, ensuring a high bond rating and being prepared for future capital adequacy requirements pursuant to the CRD IV regulation.

Contact IR

Jakob Olsson

Head of Rating & IR

+45 33 42 07 06 - jko@dlr.dk