Scope puts the BBB- issuer rating of Elkem under review for a possible upgrade
Scope has placed Elkem's BBB- issuer rating under review for a potential upgrade following the company's announcement of a strategic review of its Silicones division. The rating agency will monitor developments in Elkem's strategic evaluation of the Silicones business closely. This announcement was made in compliance with Norwegian Securities Trading Act disclosure requirements.
Scope ha messo sotto revisione il rating dell'emittente BBB- di Elkem per un possibile upgrade, dopo l'annuncio da parte dell'azienda di una revisione strategica della sua divisione Silicones. L'agenzia di rating monitorerà da vicino gli sviluppi nella valutazione strategica di Elkem per il business dei Silicones. Questo annuncio è stato fatto in conformità con i requisiti di divulgazione della legge norvegese sul commercio di titoli.
Scope ha puesto la calificación del emisor BBB- de Elkem bajo revisión para una posible mejora tras el anuncio de la compañía sobre una revisión estratégica de su división de Silicones. La agencia de calificación monitorizará de cerca los desarrollos en la evaluación estratégica de Elkem para el negocio de Silicones. Este anuncio se realizó de acuerdo con los requisitos de divulgación de la Ley Noruega de Comercio de Valores.
Scope는 Elkem의 BBB- 발행자 등급을 잠재적인 승급을 위해 검토 중에 두었습니다. 이는 회사가 실리콘 사업부의 전략적 검토를 발표한 후 이루어진 것입니다. 신용 평가 기관은 Elkem의 실리콘 사업에 대한 전략적 평가의 진행 상황을 주의 깊게 모니터링할 것입니다. 이 발표는 노르웨이 증권 거래법의 공시 요구 사항을 준수하여 이루어졌습니다.
Scope a placé la note d'émetteur BBB- de Elkem sous examen en vue d'une éventuelle augmentation après l'annonce par l'entreprise d'une revue stratégique de sa division Silicones. L'agence de notation suivra de près les développements de l'évaluation stratégique d'Elkem concernant le business des Silicones. Cette annonce a été faite en conformité avec les exigences de divulgation de la loi norvégienne sur le commerce des valeurs mobilières.
Scope hat die BBB- Emittentenauszeichnung von Elkem zur Überprüfung zwecks möglicher Aufwertung gestellt, nachdem das Unternehmen die strategische Überprüfung seiner Silikondivision angekündigt hat. Die Ratingagentur wird die Entwicklungen in Elkem's strategischer Bewertung des Silikon-Geschäfts genau verfolgen. Diese Ankündigung wurde gemäß den Offenlegungspflichten des norwegischen Wertpapierhandelsgesetzes gemacht.
- Potential credit rating upgrade from current BBB- level
- Strategic review of Silicones division indicates potential value optimization
- None.
According to Scope, the rating action follows Elkem's announcement of a strategic review of its Silicones division. Scope will closely monitor developments in Elkem's strategic review of the Silicones business.
The rating report from Scope is attached.
For further information, please contact:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About Elkem
Elkem is one of the world's leading providers of advanced silicon-based materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,400 people has a joint commitment to stakeholders: Delivering your potential. In 2023, Elkem achieved an operating income of
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https://mb.cision.com/Public/16930/4102653/81067d2f06d98305.pdf | Scope Ratings ELKEM RAR 2025 Feb |
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SOURCE Elkem
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