06 October 2023, 12:00 CEST

Axactor Group

Press release

Moody’s affirm Axactor ASA’s B1 corporate family rating (CFR) and a positive outlook

"The B1 CFR captures the continuous improvement in Axactor's financial profile, which is demonstrated by its significantly improved profitability and progress in reducing leverage in 2022 and into 2023. Furthermore, the timely refinancing of its revolving credit facility (RCF) in the second quarter of 2023 and the issuance of a NOK2.3 billion bond, well ahead of the refinancing of the company's €200 million bond maturing in January 2024, ensure adequate liquidity for the next 18-24 months” summarizes Moody’s in their updated credit opinion published on 5 October 2023.

To read the full report, please click here