S&P downgrades Statkraft’s credit rating from A to A-, in line with the company’s long-standing rating target
Today 12 Nov 2025, S&P announced a one notch downgrade of Statkraft AS citing weakening performance and financial metrics. The long-term issuer credit rating was lowered from A to A- with a stable outlook.
The rating change aligns with the company’s long-standing rating targets. Statkraft has consistently maintained a target of an A- rating from S&P and a BBB+ from Fitch. Statkraft remains committed to maintaining these targets.
On 18 June, Statkraft announced a new and refocused strategy, strengthening core activities and competitiveness.
For the latest updates on strategy execution, please refer to the Q3 2025 presentation.
The rating report is available on Statkraft’s website.
For further information, please contact:
André Julin
Funding Manager
Stephan Skaane
Vice President Group Treasury