Nykredit’s high LTV funding vehicle poised to issue

Standard and Poor’s (S&P) has assigned a triple A rating to Nykredit Realkredit's Capital Centre I — and to the bonds that will be issued from it. As the vehicle will be backed by riskier second lien, high loan-to-value (LTV) residential loans – the issuer is obliged to actively manage the level of overcollateralisation.