S&P has announced in a research update dated 25 November 2024 to downgrade Axactor ASA's Rating from B to B- and the Outlook from Stable to Negative.
S&P states in the research update; We downgraded Axactor after we revised downward our revenue and EBITDA projections, leading to somewhat higher leverage than anticipated. The full research update from S&P is enclosed.
Read the report:
> Axactor ASA Rating Lowered To 'B-' On Weaker Projected Collection Performance; Outlook Negative
*Cash EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section on page 36-38 of the third quarter financial report.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA, on 19 November 2024 at 07:00 CET.
