Fitch downgrades Statkraft’s credit rating to BBB+ from A-

Core Viewpoint - Fitch downgraded Statkraft AS from A- to BBB+ due to weakening performance and financial metrics, maintaining a stable outlook [1] Group 1: Rating Change - The long-term issuer default rating and senior unsecured rating for Statkraft were lowered to BBB+ [1] - The downgrade aligns with Statkraft's long-standing rating targets, which include maintaining an A- rating from S&P and a BBB+ from Fitch [1] - Statkraft remains committed to achieving these rating targets [1] Group 2: Strategic Update - On June 18, Statkraft announced an updated strategy aimed at strengthening core activities and competitiveness following a strategic review [2] - The details of the updated strategy can be found on Statkraft's official website [2]