Announcements
Drinks
Instrument data
Issuer
Senority
Senior Unsecured
Currency
NOK
ISIN
NO0011203507
Coupon percent
1.69%
Coupon type
Floating: Fixed Margin over Index
Instrument volume
400,000,000
Maturity date
18/01/2027
-
A-
Outlook:
None
A-
Outlook:
None
Latest change
Upgrade
25/10/2023
General information
Rating
Public
Solicited
With issuer participation
UK endorsed
EU Rated
Per Haakestad
Lead analyst
Thomas Faeh
Committee chair
25/10/2023 Rating announcement EN
Scope upgrades Haugaland Kraft’s issuer rating to A-/Stable from BBB+/Positive
The upgrade follows significant improvements in Haugaland Kraft’s financials. The Stable Outlook reflects Scope’s view that high investments and continued dividends will necessitate new debt and normalise leverage after ending 2022 in a net cash position.
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