Nordic Credit Rating

country: 
Sweden and Norway

Nordic Credit Rating (NCR) was founded in 2016 to act as an alternative credit rating agency for issuers in the Nordic region. The Nordic bond market has grown significantly in size since 2010 but has long been an unrated market, support by credit analysis from banks and brokers. NCR will initially offer credit ratings to banks and corporates under the issuer-pays model. It currently has offices in Oslo and Stockholm and its employees have long expereince from large CRAs, banks, asset managers and consultants. The analysis will utilize an international framework put into a Nordic context, whereby the analysts will deploy their deep knowledge about the local markets to add value into research products which will be highly relevant for all investors in the Nordic region. The ratings will be based on fundamental credit analysis and guided by a transpraent analytical approach.