Announcements

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      Instrument data
      Issuer
      TINE SA
      Senority
      Senior Unsecured
      Currency
      NOK
      ISIN
      NO0012863788
      Coupon percent
      4.32%
      Coupon type
      Floating: Fixed Margin over Index
      Instrument volume
      500,000,000
      Maturity date
      15/03/2028
      -
      A- Outlook: None
      A- Outlook: None
      Latest change
      Affirmed
      19/06/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Per Haakestad Lead analyst
      Thomas Faeh Committee chair
      Scope affirms Tine’s A-/Stable issuer rating

      19/6/2024 Rating announcement EN

      Scope affirms Tine’s A-/Stable issuer rating

      Strengths are high market shares, well-known brands, the low cyclicality of non-discretionary consumer products, and a strong financial risk profile. Moderate profitability and low diversification outside Norway are constraints.

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      Scope affirms A-/Stable issuer rating on Tine SA

      21/6/2023 Rating announcement EN

      Scope affirms A-/Stable issuer rating on Tine SA

      The rating reflects Tine’s very strong credit metrics despite pressures on operating performance from cost inflation and decreased domestic sales volumes.

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