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5/6/2024 Rating announcement EN
Scope affirms A- issuer rating on Norwegian utility Hafslund and maintains Positive Outlook
The unchanged Positive Outlook reflects potential that Hafslund’s financial risk profile could strengthen if credit metrics can be maintained at strong levels. This, however, depends on capex execution and realised electricity prices in the medium term.
5/6/2023 Rating announcement EN
Scope upgrades Hafslund’s issuer rating to A- from BBB+ and maintains the Positive Outlook
The upgrade follows significant improvements in Hafslund’s financials, which are likely to last due to elevated power prices. Further upside is reflected by the Positive Outlook, assuming leverage does not exceed 2.0x beyond 2025.
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