London, 10 July 2015 -- Moody's Investors Service has announced today that the establishment of a EUR4,000,000,000 Euro Medium Term Covered Note Programme (the "EMTN Programme") by Sparebanken Sør Boligkreditt AS (the Issuer, unrated), a wholly owned subsidiary of Sparebanken Sør (long-term deposit rating A1 stable, adjusted baseline credit assessment (BCA) baa1, Counterparty Risk (CR) Assessment Aa3(cr)), would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings on the covered bonds previously issued by the Issuer.

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