S&P assigns 'BBB+' rating to Gjensidige's Tier 2 bond

S&P Global Ratings has assigned its 'BBB+' issue rating to the NOK 1 billion subordinated bond issued by Gjensidige Forsikring ASA on September 15, 2026. The bond matures in 2026.

The 'BBB+' rating falls within the investment-grade category, indicating a moderate level of creditworthiness. Tier 2 bonds are subordinated debt, meaning they rank below senior debt in the event of liquidation.

Gjensidige Forsikring ASA is a leading Nordic insurance group listed on the Oslo Stock Exchange. The company employs approximately 4,150 people and offers insurance products across Norway, Denmark, and Sweden. In Norway, Gjensidige also provides pension and investment services.

Credit ratings are crucial for financial institutions to access capital markets and assure investors. A strong rating typically helps lower a company's borrowing costs.