Announcements

    Drinks

      Scope affirms A- issuer rating of Å Energi and revises the Outlook to Stable

      16/5/2024 Rating announcement EN

      Scope affirms A- issuer rating of Å Energi and revises the Outlook to Stable

      The Outlook change reflects increased debt in 2023 combined with lower but still higher-than-historical power prices and the prospect of higher investments.

      Scope upgrades issuer rating of Å Energi (previously known as Agder Energi) to A-/Positive

      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.

      Scope confirms Agder’s BBB+ rating and raises Outlook to Positive

      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.

      Scope has completed a monitoring review for Agder Energi AS

      17/3/2022 Monitoring note EN

      Scope has completed a monitoring review for Agder Energi AS

      The under-review status for a developing outcome remains, as the proposed merger with Norwegian energy company Glitre Energi continues to lack final terms and approval.

      Scope has completed a monitoring review of Agder Energi AS

      16/9/2021 Monitoring note EN

      Scope has completed a monitoring review of Agder Energi AS

      The under review status remains, as the proposed merger between Agder Energi and Glitre Energi is still lacking final terms and approval.

      Scope has completed a monitoring review of Agder Energi AS

      16/6/2021 Monitoring note EN

      Scope has completed a monitoring review of Agder Energi AS

      The under review status has not been resolved due to delays in the proposed merger between Agder Energi and Glitre Energi.

      Scope places Agder Energi's BBB+ issuer rating under review for a developing outcome

      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.

      Scope revises the Outlook to Negative from Stable on Agder Energi's BBB+ issuer rating

      12/8/2020 Rating announcement EN

      Scope revises the Outlook to Negative from Stable on Agder Energi's BBB+ issuer rating

      The Outlook change is driven by the increased risk of financial risk profile pressure for a longer period due to low power prices prevailing in Norway.

      Scope affirms Norwegian utility Agder Energi at BBB+/Stable

      16/8/2019 Rating announcement EN

      Scope affirms Norwegian utility Agder Energi at BBB+/Stable

      The affirmation is driven by the utility's high hydropower production in 2018 as well as the effect on group metrics by the continued high investment and lower power production expected by Scope in the short to medium term.

      Scope affirms its BBB+ corporate issuer rating on Agder Energi AS; Outlook is Stable

      17/8/2018 Rating announcement EN

      Scope affirms its BBB+ corporate issuer rating on Agder Energi AS; Outlook is Stable

      The affirmation is driven by a still-solid business risk profile that benefits from a vertically integrated business model, coupled with a financial risk profile showing relatively stable indebtedness.