Moody’s Investors Service has March 13, 2023 changed the outlook for Norsk Hydro ASA’s rating to positive from stable. Concurrently, Moody's has affirmed the Baa3 long-term issuer rating, the Baa3 Baseline Credit Assessment (BCA) and the Baa3 rating of the EUR 500 million and EUR 300 million senior unsecured Bonds due 2025 and 2029, respectively.
The positive outlook reflects an increased likelihood of an upgrade if Norsk Hydro ASA maintains strong credit metrics despite cost challenges and demand uncertainty.
For further information, please contact:
Investor contact:
Line Haugetraa
+47 41406376
Line.haugetraa@hydro.com
