Key highlights
- S&P downgraded Statkraft's credit rating from A to A- on 12 Nov 2025.
- The downgrade is due to weakening performance and financial metrics.
- Statkraft's target ratings are A- from S&P and BBB+ from Fitch.
Credit Rating Downgrade
On 12 November 2025, S&P announced a downgrade of Statkraft AS's long-term issuer credit rating from A to A-, citing weakening performance and financial metrics. The outlook remains stable.
Alignment with Targets
This rating change aligns with Statkraft's long-standing targets, which include maintaining an A- rating from S&P and a BBB+ rating from Fitch. Statkraft remains committed to these targets.
Strategic Focus
On 18 June, Statkraft revealed a new strategy aimed at strengthening core activities and enhancing competitiveness. This strategic shift is part of the company's ongoing efforts to adapt to market conditions.
