Press release -
Moody’s confirms Kommuninvest’s Aaa rating, with stable outlook
On 28 September, Moody’s, the credit rating agency, published its updated credit opinion on the municipal credit market company Kommuninvest. The rating remained unchanged at the highest possible level, Aaa, with a stable outlook.
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Kommuninvest has the highest possible credit rating for both long and short-term borrowing (Aaa/AAA and P-1/A-1+ from Moody’s and Standard & Poor’s, with a stable outlook). According to the rating institutes, the credit ratings reflect:
- The owners’ joint and several guarantee undertaking
- Strong asset quality in the lending portfolio
- Good access to liquidity
- Cautious attitude to risk
- Strong market position
Topics
Kommuninvest is a municipal cooperation for efficient and sustainable financing of housing, infrastructure, schools, hospitals etc. Together, we get better loan terms than each one individually. Since its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 288 municipalities and county councils/regions are members of this voluntary cooperation, out of a total of 310 Swedish local governments. With total assets of around SEK 360 billion (USD ~41 billion), Kommuninvest is the largest lender to the local government sector and the sixth largest credit institution in Sweden. The head office is located in Örebro.
