Statkraft's credit rating from Fitch upgraded to A- , stable outlook

22 Dec 2022 12:45 CET

Fitch Ratings has today upgraded Statkraft's rating to "A-" from "BBB+", with a
stable outlook. The upgrade is mainly driven by higher profits forecasted by
Fitch.

"Statkraft updated its growth strategy within renewable energy earlier this
year, with more ambitious targets towards 2030. Strong credit ratings are
important to be able to deliver on our strategy and optimize and expand our
existing operations. We appreciate this positive rating action, but Statkraft
stays committed to our rating target of A- from S&P and BBB+ from Fitch," says
Anne Harris, CFO of Statkraft.


Contacts:
Stephan Skaane, Vice President Group Treasury, phone +47 905 13 652
Tron Ringstad, Senior Vice President Group Treasury, phone +47 992 93 670

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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