Rating

Issuer Rating

On June 10, 2026 S&P Global Ratings (S&P) lowered Finland's overall BICRA from 2 to 3. At the same time, S&P affirmed the Mortgage Society of Finland's issuer credit rating at ‘BBB’ for long-term and ‘A-2’ for short-term, with stable outlook.

• S&P Release on Finland's BICRA and Finnish Banks 10.6.2026
• Issuer Credit Rating, S&P Research Update 24.11.2025
• Issuer Credit Rating, S&P Research Update 4.10.2024
• Issuer Credit Rating, S&P Research Update 21.9.2023

The above documents are not for redistribution unless otherwise permitted.

 

Covered Bond Rating - Pool 2

On December 22, 2025 S&P Global Ratings (S&P) affirmed it's 'AAA' credit ratings with stable outlook on Hypo's covered bonds issued under the Finnish Covered Bond Act (Act 151/2022) as part of its annual transaction update.

• Transaction Update CBA Covered Bond Program, S&P Global Ratings 22.12.2025
• Transaction Update CBA Covered Bond Program, S&P Global Ratings 24.12.2024
• Transaction Update CBA Covered Bond Program, S&P Global Ratings 13.12.2023

The above documents are not for redistribution unless otherwise permitted.

 

Covered Bond Rating - Pool 1

On May 28, 2026 S&P Global Ratings (S&P) affirmed its 'AAA' credit ratings with stable outlook on Hypo's covered bonds as part of its annual transaction update.

• Transaction Update, S&P Global Ratings 28.5.2026
• Transaction Update, S&P Global Ratings 27.6.2025
• Transaction Update, S&P Global Ratings 4.6.2024
• Transaction Update, S&P Global Ratings 1.6.2023

The above documents are not for redistribution unless otherwise permitted.