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Orkla Sparebank

Submitted by analyticalplatform on Mon, 10/30/2023 - 11:39
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Orkla Sparebank is an independent savings bank located in Orkland municipality. The bank's origins date back to 1841 and it was formed after the merger of the neighbouring savings banks, Orkdal Sparebank and Meldal Sparebank, in October 2017. Today, the bank has seven offices spread over Trøndelag County and its primary market is located in the municipalities of Orkland, Rennebu, Skaun and Trondheim.

Unregulated Nordic power producers well positioned to capitalise on higher prices

Electrification and industrial projects likely to fuel demand.
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The Swedish real estate sector– waiting for sunshine after the rain

Policy rate peak in sight, but property value uncertainty remains.
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AB Transitio

Submitted by analyticalplatform on Wed, 09/27/2023 - 07:12
  • Read more about AB Transitio

Transitio was founded in 1999 by six of Sweden's 21 counties, when county-level traffic authorities were charged with running the country's regional railways, with the purpose of centralising acquisition and financing of rolling stock on behalf of the respective counties' regional public transport companies. The company also provides rolling stock support services and carries out heavy maintenance. Since restructuring in 2012, Transitio has been owned directly and indirectly by 20 Swedish counties (excluding the island county of Gotland), with each owner holding a 5% ownership stake.

Webinar: Challenging times for real estate companies

On 28 Sep 2023, Nordic Credit Rating publishes a sector commentary on the real estate sector. In connection with this publication, the analytical team will present their view of the sector and its outlook.

Time and place: Teams Online - 28 September at 14:00-14:30 CET.
Registration: Click here.

Please note that the webinar will be held in Swedish.

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Nordic consumer banks' earnings compensate elevated credit losses

Earnings performance adds buffer for high loan-loss provisions.
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Småkraft AS

Submitted by analyticalplatform on Thu, 08/31/2023 - 07:41
  • Read more about Småkraft AS

Småkraft is a Norway-based hydropower producer which owns and operates over 220 power plants. It is Europe's largest small-scale hydropower producer. The company operates plants in Norway and Sweden, with Norway dominating revenues and production capacity. Småkraft develops, operates and invests in power plants in cooperation with landowners, which carry out maintenance and supervision. Most of the facilities are run-of-river plants with low impact on local biodiversity.

Nordic consumer banks' loss provisions remain elevated

Q1 performance confirms trends of previous quarter, while NPL metrics rise slightly.
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Austevoll Seafood ASA

Submitted by analyticalplatform on Thu, 06/01/2023 - 06:35
  • Read more about Austevoll Seafood ASA

Austevoll was founded as Austevoll Havfiske AS in 1981 by the Møgster family. It is a major seafood company with operations in the North Atlantic and South Pacific and facilities and sales worldwide. As the majority owner of Lerøy Seafood Group ASA, Austevoll covers the entire Atlantic salmon value chain. It has prominent operations in pelagic and whitefish fishery, fishmeal, and oil production. Its subsidiaries include Austral Group S.A.A., Foodcorp Chile S.A., Br.

Nordic Credit Rating publishes final amendments to issue rating methodology for corporate issuers

All corporates with ratings on outstanding senior unsecured instruments placed 'Under Criteria Review'.
  • Read more about Nordic Credit Rating publishes final amendments to issue rating methodology for corporate issuers

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