Fitch downgrades Statkraft's credit rating to BBB+ from A-

01 Jul 2025 17:29 CEST

Today 1 July 2025, Fitch announced a one notch downgrade of Statkraft AS
following weakening performance and financial metrics. The long-term issuer
default rating and senior unsecured rating were lowered from A- to BBB+ with a
stable outlook.

The rating change aligns with the company's long-standing rating targets.
Statkraft has consistently maintained a target of an A- rating from S&P and a
BBB+ from Fitch. Statkraft remains committed to maintaining these targets.

On 18 June, Statkraft announced an updated strategy, strengthening core
activities and competitiveness:
https://www.statkraft.com/newsroom/news-and-stories/2025/statkraft-strengthens-
core-activities-and-competitiveness-following-strategic-review/

The rating report is available on Statkraft's website:
https://www.statkraft.com/IR/funding-and-credit-rating/

For further information, please contact:
Funding Manager André Halle Julin, tel.: +47 992 54 205
VP Group Treasury Stephan Skaane, tel.: +47 905 13 652

More information:
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