29/9/2023 Rating announcement EN
Scope upgrades Eviny's issuer rating to A-/Positive from BBB+, resolving the under-review status
The upgrade follows significant improvements in Eviny's financials, which are likely to last due to elevated power prices. Further upside is reflected by the Positive Outlook, assuming Eviny maintains a strong financial profile over a prolonged time.
31/3/2023 Rating announcement EN
Scope places three ratings under review based on the updated European utilities rating methodology
The rating actions follow the publication of Scope’s updated European utilities rating methodology which will likely have a positive impact.
29/6/2022 Rating announcement EN
Scope affirms Eviny's BBB+ issuer rating and raises Outlook to Positive
Higher power prices have enabled significant deleveraging, with Scope projecting that key credit ratios will remain at the more conservative levels.
11/8/2021 Rating announcement EN
Scope affirms its BBB+/Stable issuer rating on BKK AS
The affirmation reflects the return to a more conservative financial risk profile this year, helped by higher power prices and subsequently stronger operational cash generation from BKK’s hydropower production segment.
17/8/2020 Rating announcement EN
Scope affirms its BBB+/Stable issuer rating on BKK
The affirmation reflects Scope's expectation that BKK will continue to generate positive Scope-adjusted free operating cash flow in the medium term despite the lower contribution from its hydropower production unit this year.
23/8/2019 Rating announcement EN
Scope affirms Norwegian utility BKK AS at BBB+, Stable Outlook
The affirmation is driven by solid credit metrics expectations and reflects management's continued commitment to a prudent financial credit profile in a transactional event risk environment.