Axactor ASA: Moody's changes Axactor’s credit rating

21 May 2024 08:00 CEST

Moody’s Investors Service (“Moody’s”) has announced to downgrade Axactor ASA's
Corporate Family Rating (CFR) to B2 from B1 and its senior unsecured ratings to
Caa1 from B3 and placed the ratings on review for downgrade.

Moody’s states in a press release dated 17 May 2024 that the rationale for the
downgrade is Axactor's weakened financial performance in the currently
challenging macroeconomic environment for debt purchasers, characterized by
reduced collections in certain regions and further exacerbated by the increased
cost of funding. The full press release from Moody’s is enclosed.


For further information, please contact:
Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com

More information:
Access the news on Oslo Bors NewsWeb site

619169_Rating_Action-Moodys-Ratings-downgrades-17May2024-PR_490155.pdf