S&P Changes Balder's Outlook Due to Mandatory Entra Bid

Erik Selin, CEO of Balder.

Image: Balder

S&P Changes Balder's Outlook Due to Mandatory Entra Bid

Nordic — S&P has announced that they confirm Balder's BBB rating but revise the rating outlook to negative from stable. The revision is related to Balder's intention to make a mandatory offer for the remaining shares in Entra and uncertainty regarding the initial financing structure.

2021-10-19

Balder maintains its previously communicated preference for Entra to remain listed on the Oslo Stock Exchange while at the same time increasing our ownership interest in Entra. Balder has had a BBB stable rating since 2017 and we reconfirm our rating commitment to BBB and we would take the necessary steps to support our balance sheet and credit metrics if required.

Axel Ohlsson

[email protected]