Moody's downgrades Norske Skog to Caa1
(Thomson Reuters ONE) -
The rating company Moody's has today downgraded from B2 to Caa1 on the corporate
family rating (CFR) of Norske Skogindustrier ASA as well as the probability of
default rating from B3 to Caa1. Concurrently, Moody's has also downgraded the
rating for the group's outstanding bonds to Caa1.
The outlook on the ratings remains negative.
The press release from Moody's is attached.
Oxenøen, 8 August 2011
Norske Skog
Investor relations
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Press release:
http://hugin.info/105/R/1536920/469031.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norske Skog via Thomson Reuters ONE
[HUG#1536920]
Unternehmensinformation / Kurzprofil:
Datum: 08.08.2011 - 15:56 Uhr
Sprache: Deutsch
News-ID 57059
Anzahl Zeichen: 1326
contact information:
Town:
Lysaker
Kategorie:
Business News
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