Announcements

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      Scope affirms Akershus Energi’s A-/Stable issuer rating

      13/12/2023 Rating announcement EN

      Scope affirms Akershus Energi’s A-/Stable issuer rating

      The Stable Outlook reflects an unchanged financial risk profile, supported by a continuously favourable pricing environment in power generation and high internal funding capacity.

      Scope upgrades Akershus Energi's issuer rating to A-/Stable

      13/12/2022 Rating announcement EN

      Scope upgrades Akershus Energi's issuer rating to A-/Stable

      The rating upgrade reflects the solid credit metrics thanks to high power prices, which are likely to be retained based on the strong forward electricity prices.

      Scope changes the Outlook to Stable from Negative on Akershus Energi's BBB issuer rating

      16/12/2021 Rating announcement EN

      Scope changes the Outlook to Stable from Negative on Akershus Energi's BBB issuer rating

      The Outlook change is driven by the significant improvement in power prices this year, easing previous credit metrics pressure and stabilising the company's financial profile.

      Scope changes the Outlook to Negative from Stable on Akershus Energi's BBB issuer rating

      16/12/2020 Rating announcement EN

      Scope changes the Outlook to Negative from Stable on Akershus Energi's BBB issuer rating

      The Outlook change is driven by uncertainty over how swiftly financial metrics will recover in the absence of a significant improvement in power prices next year.

      Scope affirms BBB/Stable rating on Norwegian utility Akershus Energi

      17/1/2020 Rating announcement EN

      Scope affirms BBB/Stable rating on Norwegian utility Akershus Energi

      The affirmation is driven by recent cash preservation and deleveraging, as well as Scope's anticipation of a weaker financial risk profile from 2020 due to the company's expansionary investment ambitions.

      Scope assigns a BBB/Stable rating to Akershus Energi

      18/1/2019 Rating announcement EN

      Scope assigns a BBB/Stable rating to Akershus Energi

      The first-time BBB issuer rating on Akershus Energi is predominantly driven by highly profitable and cost-efficient hydropower production leading to strong EBITDA margins.