Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

ATEA: Atea receives BBB+ credit rating from Nordic Credit Rating

Atea
Nordic Credit Rating (NCR) has today assigned a first-time long-term issuer
rating of 'BBB+' with a 'Stable' outlook to Atea ASA.

NCR comments in its report, "Our 'BBB+' long-term issuer credit rating of Norway
-based IT infrastructure provider Atea reflects the company's low financial
leverage as a result of strong operating cash flow and low investment
requirements. It also reflects Atea's strong position as the largest provider of
IT infrastructure in each of its markets in the Nordic and Baltic regions and
the third largest provider in Europe. We see the company's focus on the public
sector as an additional credit strength due to the sector's relatively low
cyclicality."

Atea CFO Robert Giori comments, "We are very satisfied with NCR's overall
assessment of Atea's business risk and financial position resulting in a strong
investment grade credit rating. Atea has no immediate plans for a public debt
issue, but the investment grade credit rating from NCR provides Atea with
additional flexibility in addressing long-term financing requirements, including
those associated with the maturity of its loan with the European Investment Bank
in May 2023."

Nordea advised Atea ASA as Sole Rating Advisor in the credit rating process.

The credit reports from Nordic Credit Rating can be found here:
https://nordiccreditrating.com/issuer/atea-asa

For additional information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.