Borregaard ASA: Borregaard assigned first-time issuer rating of A-/Stable from Scope

23 Mar 2023 09:00 CET

Scope Ratings GmbH assigns first-time issuer rating of A-/Stable to Borregaard
ASA. The same rating is assigned to the company's senior unsecured debt.

The rating reflects Borregaard's efficient and unique production capabilities,
strong positions in key speciality chemicals markets, strong profitability and
low financial leverage.

The full rating report from Scope Ratings is attached.

Sarpsborg, 23 March 2023

Contacts:
CFO, Per Bjarne Lyngstad, +47 952 44 515
Director Investor Relations, Knut-Harald Bakke, +47 905 79 164

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

More information:
Access the news on Oslo Bors NewsWeb site

585948_Scope_Ratings_Borregaard_ASA_Rating_Report_2023_Mar.pdf