
27/6/2025 Rating announcement EN
Scope affirms BBB+/Stable issuer rating of Norwegian utility TrønderEnergi AS
The rating affirmation reflects Scope's expectation that, in the absence of significant capex needs and positive free cash flow, a normalisation of power prices will allow TrønderEnergi to deleverage to around 3x.

26/6/2025 Rating announcement EN
Scope assigns first-time issuer rating of B+/Stable to Grammer
A good market position in commercial vehicles and expected improvement in leverage support the rating. Very weak cash flow cover due to sustained negative FOCF*, low overall profitability and cluster risk on refinancing in 2027 are constraints.