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.
Oxenoeen, 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)
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Source: Norske Skog via Thomson Reuters ONE
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(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
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