Solveig Gas Norway AS Moody's reaffirms credit rating (9062D)

TIDM37XN

RNS Number : 9062D

Solveig Gas Norway AS

02 May 2017

2 May 2017

PRESS RELEASE

Today 2(nd) May 2017, Moody's Investors Service ("Moody's") issued a credit opinion on Solveig Gas Norway A.S. 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

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May 02, 2017 07:13 ET (11:13 GMT)

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