Nordic Credit Rating is a new rating agency focusing on the Nordic market. NCR covers banks and corporates in that region.
Country of residence: Norway and Sweden
Registration status
Nordic Credit Rating is registered as CRA in the European Union with ESMA since August 2018.
Nordic Credit Rating is an eligible ECAI across the whole European Union.
Nordic Credit Rating is considered a small Credit rating agency for the purpose of Article 8d of CRAIII.
Rating activity
Based on ESMAs CEREP database, we find the following rating activity for Nordic Credit Rating for 2022:
Rating scale and mapping
Nordic Credit Rating uses the following Long-term Rating Scale:
The mapping to regulatory steps in the banking sector in the EU is based on the latest available mapping from the European Banking Authority available here. The mapping to regulatory steps in the insurance sector in the EU is based on the latest available mapping from the European Insurance and Occupational Pensions Authority available here.
Useful links
List of ratings includes list of recent rating actions
