5/6/2023 Rating announcement EN
Scope upgrades issuer rating of Å Energi (previously known as Agder Energi) to A-/Positive
The upgrade is driven by prospects of sustained higher power prices, which strengthens Å Energi’s financials, in addition to an improved business risk profile. The Positive Outlook reflects further upside if leverage remain below 2.0x longer-term.
6/9/2022 Rating announcement EN
Scope confirms Agder’s BBB+ rating 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 Agder Energi's BBB+ issuer rating under review for a developing outcome
The rating action reflects the progressing but uncertain outcome of merger talks with Glitre Energi.