Solveig Gas Norway AS Moody's reaffirms credit rating (7391D)
July 08 2016 - 12:25PM
UK Regulatory
TIDM37XN
RNS Number : 7391D
Solveig Gas Norway AS
08 July 2016
8 July 2016
PRESS RELEASE
Today 8(th) July 2016, Moody's Investor Service (Moody's) issued
a credit opinion on Solveig Gas Norway AS where the rating has been
reaffirmed at Baa2 with a stable outlook.
As stated by Moody's in its report:
"Summary rating rationale
Solveig's Baa2 rating is underpinned by the company's (1) part
ownership in strategically important Norwegian gas transmission
assets (the Gassled network) and the strong competitive position of
Norwegian gas; (2) ability to pass through operating costs under
the regulatory regime; and (3) limited revenue volatility until the
end of the decade due to existing capacity bookings."
The full report has been published on Solveig Gas Norway's
restricted access website.
For further details please contact CEO Trygve Pedersen,
telephone
+47 900 97741 or CFO Alan McIntyre, telephone +47 907 92072.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 08, 2016 12:25 ET (16:25 GMT)
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