MOODY'S RATINGS CHANGES OLAV THON EIENDOMSSELSKAP'S OUTLOOK TO POSITIVE FROM STABLE, BAA2 RATINGS AFFIRMED

13 Nov 2024 07:45 CET

Issuer

Olav Thon Eiendomsselskap ASA

Moody's Ratings (Moody's) has today affirmed Olav Thon Eiendomsselskap ASA's
long-term issuer rating of Baa2. The outlook for Olav Thon Eiendomsselskap was
changed to positive from stable.

"The rating affirmation and the change of outlook to positive reflects the
continued good operating performance visible in a solid rental income growth of
Olav Thon's retail estate assets, combined with a more conservative financial
policy and expectation of further credit metrics improvements going forward" ,
says Maria Gillholm, a Moody's Rating Vice President and Lead analyst for Olav
Thon Eiendomsselskap ASA.

"The rating affirmation and the change of outlook to positive is expected to
increase the group's access to competitive financing both in the Norwaegian and
the intenration capital markets", says Arne B. Sperre Executive Vice President /
CFO


Source

Olav Thon Eiendomsselskap ASA

Provider

Oslo Børs Newspoint

Company Name

OLAV THON EIENDOMSSELSKAP, Olav Thon Eiendomsselskap ASA 17/27 2,90, Olav Thon Eiendomsselskap ASA 20/28 FRN, Olav Thon Eiendomsselskap ASA 20/25 FRN, Olav Thon Eiendomsselskap ASA 21/26 FRN, Olav Thon Eiendomsselskap ASA 21/28 FRN, Olav Thon Eiendomsselska ASA 21/25 2.03pct, Olav Thon Eiendomsselskap ASA 21/31 FRN, Olav Thon Eiendomsselska ASA 21/27 2.33pct, Olav Thon Eiendomsselska ASA 22/32 4.17pct, Olav Thon Eiendomsselskap ASA 23/30 FRN, Olav Thon Eiendomsse ASA 23/25 5,67% SEK, Olav Thon Eiendomsselsk ASA 23/29 5,792%, Olav Thon Eiendomsselskap ASA 24/29 FRN, Olav Thon Eiendomsse ASA 24/26 4,05% SEK, Olav Thon Eiendomsselska ASA 24/30 5,17%

ISIN

NO0005638858, NO0010782899, NO0010907371, NO0010874266, NO0010940471, NO0010940489, NO0011079790, NO0011077794, NO0011079121, NO0011084709, NO0012495342, NO0013030247, NO0013029488, NO0013076323, NO0013167072, NO0013228445, NO0013246090

Symbol

OLT

Market

Oslo Børs