Following the recent affirmation of the issuer rating at BBB+/Stable, Scope has updated its analytical report on Arva AS.

The issuer rating affirmation is based on the company’s unchanged business risk and financial risk profiles, reflecting the sole exposure to regulated power distribution in northern Norway and Scope’s view that leverage (Scope-adjusted debt/EBITDA) will increase to around 6.0x in the next years due to high capex and continued dividend payments.

This monitoring note does not constitute a credit rating action, nor does it indicate the likelihood that Scope will conduct a credit rating action in the short term. Information about the latest credit rating action connected with this monitoring note along with the associated rating history can be found on www.scoperatings.com.

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