Fredrikstad Energi AS
The rating was withdrawn on 19 Dec. 2024.
Corporate
Unregulated Nordic power producers well positioned to capitalise on higher prices
Electrification and industrial projects likely to fuel demand.
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.
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.
Rating actions taken on issue ratings of four companies; removed from criteria review
SalMar senior unsecured issue ratings upgraded; three others' affirmed
NCR Comments: Nortura SA 'BBB-' long-term rating unaffected by T1 2023 results
Covenant headroom healthy in relation to temporarily elevated levels.
NCR comments: SalMar ASA sells stake in Frøy ASA for NOK 4.8bn
Sale reduces uncertainty about capital structure.
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'.
Norway salmon farms face sharp tax hike
Initial effect likely to be modest, but longer-term impact could be severe.