Nordic Credit Rating updated its issuer credit rating for SalMar ASA on March 20, assigning the company a BBB rating with a stable outlook.
The update is significant as it reflects the financial health and stability of SalMar ASA, one of Norway’s leading salmon farming companies. Credit ratings are important indicators for investors and stakeholders to assess the company’s ability to meet its financial obligations.
“Our ‘BBB’ long-term issuer credit rating on Norway-based salmon farmer SalMar ASA reflects the company’s strong profitability and moderate financial leverage,” Nordic Credit Rating said in its statement.
Further details about the updated credit rating can be found on Nordic Credit Rating’s website at https://nordiccreditrating.com/issuer/salmar-asa.
For additional information, Håkon Husby, Head of Investor Relations at SalMar ASA, is available for contact by phone or email as provided in the announcement.