Credit rating agency Standard & Poor's has confirmed that the long-term credit rating of Municipality Finance will remain AAA (stable), at the best possible level. The short-term credit rating also remained at the best possible level, A-1+. Two weeks ago, Municipality Finance also received confirmation from Moody's that its credit rating remains at the best possible level. The main rationale behind the credit rating decision by S&P was the high-quality loan portfolio of Municipality Finance. The portfolio consists solely of municipal loans and loans related to state-subsidised housing production, both of which are zero-risk weighted in capital adequacy calculations of financial institutions. S&P also noted that Municipality Finance has very strong liquidity.