S&P downgrades Statkraft’s credit rating from A to A-, in line with the company’s long-standing rating target

Group 1 - S&P downgraded Statkraft AS's long-term issuer credit rating from A to A- due to weakening performance and financial metrics, with a stable outlook [1] - Statkraft has consistently targeted an A- rating from S&P and a BBB+ from Fitch, and remains committed to these targets [1] - On June 18, Statkraft announced a new strategy aimed at strengthening core activities and competitiveness [2] Group 2 - For updates on strategy execution, stakeholders can refer to the Q3 2025 presentation available on Statkraft's website [2] - The rating report can also be accessed through Statkraft's investor relations section [2]