Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      NOK
      ISIN
      NO0010737109
      Coupon percent
      2.98%
      Coupon type
      Fixed
      Instrument volume
      150,000,000
      Maturity date
      27/05/2025
      -
      A- Outlook: None
      A- Outlook: None
      Latest change
      Upgrade
      24/01/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Per Haakestad Lead analyst
      Sebastian Zank Committee chair
      Scope upgrades issuer rating of Norwegian utility Eidsiva to A-/Stable from BBB+/Stable

      24/1/2024 Rating announcement EN

      Scope upgrades issuer rating of Norwegian utility Eidsiva to A-/Stable from BBB+/Stable

      The upgrade is driven by the improved financial risk profile enabled by a stronger-than-expected performance, continued robust cash flows from its grid operation and cash dividends from Hafslund ECO Vannkraft.

      Scope affirms Eidsiva’s issuer rating at BBB+/Stable

      25/1/2023 Rating announcement EN

      Scope affirms Eidsiva’s issuer rating at BBB+/Stable

      The affirmation reflects Eidsiva’s continued competitive strength as Norway’s largest distribution grid operator, its low industry risk, and projected substantial capex and dividend payouts.

      Scope affirms Eidsiva’s issuer rating at BBB+/Stable

      24/2/2022 Rating announcement EN

      Scope affirms Eidsiva’s issuer rating at BBB+/Stable

      The affirmation reflects the company’s continued competitive strength as Norway’s largest distribution grid operator, its low industry risk, and Scope’s projections of continued substantial capex and dividend payouts.

      Scope affirms BBB+/Stable issuer rating on Eidsiva Energi AS

      23/3/2021 Rating announcement EN

      Scope affirms BBB+/Stable issuer rating on Eidsiva Energi AS

      Business risks are low and stable, but the high capex and dividends will result in a sizeable increase in debt in the next few years.

      Scope affirms BBB+/Stable rating on Eidsiva Energi AS

      24/3/2020 Rating announcement EN

      Scope affirms BBB+/Stable rating on Eidsiva Energi AS

      The affirmation is driven by the ongoing successful integration after the transaction with Hafslund E-CO, with final financial figures being largely in line with Scope's expectations.

      Scope upgrades Eidsiva's issuer rating to BBB+, Outlook Stable

      26/3/2019 Rating announcement EN

      Scope upgrades Eidsiva's issuer rating to BBB+, Outlook Stable

      The upgrade follows the agreement between the boards of Eidsiva and Hafslund E-CO, announced on 14 March 2019, to merge in accordance with the letter of intent from 20 November 2018. The ratings were previously under review for possible upgrade.

      Scope affirms Eidsiva's issuer rating of BBB-, places ratings under review for possible upgrade

      20/11/2018 Rating announcement EN

      Scope affirms Eidsiva's issuer rating of BBB-, places ratings under review for possible upgrade

      The placing under review for possible upgrade follows the 15 November letter of intent between Eidsiva and Hafslund E-CO to merge their main activities, which will improve Eidsiva's business risk profile, and should improve the issuer rating as well.

      Scope rates Eidsiva Energi at BBB-, Outlook Stable

      8/12/2017 Rating announcement EN

      Scope rates Eidsiva Energi at BBB-, Outlook Stable

      Scope Ratings today assigns a first-time corporate issuer rating of BBB- to Norway-based Eidsiva Energi AS. The Outlook for the rating is Stable. Scope also assigns an S-2 short-term rating. The company’s senior unsecured debt is also rated BBB-.

      Date Title