5/6/2023 Rating announcement EN
Scope withdraws Glitre’s ratings after the successful merger into Å Energi
The ratings are withdrawn following a monitoring of Å Energi AS, the surviving company of the merger of Agder Energi AS and Glitre Energi AS.
6/9/2022 Rating announcement EN
Scope upgrades Glitre’s BBB rating to BBB+ and raises Outlook to Positive
The rating actions are based on the soon-to be-merged AgderGlitre entity, though the merger is still subject approval by owners and regulators. The Positive Outlook is driven by the strong financial risk profile.
17/12/2020 Rating announcement EN
Scope places Glitre Energi's BBB issuer rating under review for a developing outcome
The rating action reflects the updated analysis on power price developments and the progressing but uncertain outcome of merger talks with Adger Energi.
18/12/2019 Rating announcement EN
Scope affirms Norwegian utility Glitre Energi at BBB/Stable
The affirmation is driven by operational performace largely in line with Scope's expectations and limited changes to our updated medium term forcast consisting of stable leverage and improved interest cover ratios.
18/12/2018 Rating announcement EN
Scope affirms its BBB/Stable rating on Glitre Energi AS
The affirmation follows relatively minor changes to Scope Ratings' assesment of Glitre's vertically integrated business model, coupled with the company's slightly better than expected financial performance due to higher market power prices.
4/1/2018 Rating announcement EN
Scope rates Glitre Energi at BBB, Outlook Stable
Scope Ratings today assigns a first-time corporate issuer rating of BBB to Norway-based Glitre Energi AS. The Outlook for the rating is Stable. Scope also assigns an S-2 short-term rating. The company’s outstanding senior unsecured debt is also rated BBB.