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.

Read more about DLR sufficient capital base and solvency requirement here arrow3

Contact IR

Jakob Olsson

Head of Rating & IR

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