Credit ratings
MuniFin’s strong credit ratings are based on our extremely low-risk customer financing portfolio, good liquidity, conservative risk policies and the guarantees granted by the Municipal Guarantee Board for our debt programmes and other funding arrangements.
Our funding is guaranteed by the Municipal Guarantee Board (MGB), and our credit ratings correspond to those of the Government of Finland. MuniFin is 100% owned by the Finnish public sector and supervised by the European Central Bank.
| Rating agency | Long-term funding | Short-term funding |
| Moody’s Investor Service | Aa1 (stable) | P-1 |
| Standard & Poor’s | AA+ (stable) | A-1+ |
ESG ratings
ESG risk ratings measure a company’s exposure to long-term environmental, social and governance risks. Different ESG ratings employ different methodologies, so they are not directly comparable with each other. In practice, however, they cover similar themes, such as sector-specific risk, manageable risk and the company’s overall ESG strategy and operating methods. MuniFin monitors its development through the ratings of several well-known ESG rating agencies.
| Provider | Score & Ranking (last assessed) | Scale | Our score and latest rankings | Industry |
| ISS ESG | Score: C+ Prime Ranking: Top 20% of 136 companies (9 August 2022) | D-, D, D+, C-, C, C+, B-, B, B+, A-, A, A+ | Here (link) | Mortgage & Public Sector Finance |
| Sustainalytics | Score: 7.2 Negligible Risk Ranking: Banks 15/1039 (23 May 2024) | Negligible, Low, Medium, High, Severe | Here (link) | Banks |
| S&P Global | ESG score: 37/100 Ranking: percentile 85 (17 March 2023) | 0/100 | Here (link) | FBN Diversified Financial Services and Capital Markets |
| MSCI | Score: AA Ranking: Top 36 % of 62 companies (18 April 2023) | CCC, B, BB, BBB, A, AA, AAA | Not publicly available | Universe: MSCI ACWI constituents, Diversified Financials, n=62 |