S&P changes Avinor view to stable

S&P said it revised its outlook on Avinor AS to stable from negative.

At the same time, the agency affirmed the AA-/A-1+ long- and short-term issuer credit ratings on Avinor and the AA- issue rating on its senior unsecured debt.

“The outlook revision and affirmation reflect our expectation that Avinor's strong EBITDA generation should enable the group to maintain solid operational and financial performance despite high capital expenditure (capex) needs and uncertainties around disputes with Norwegian armed forces as well as potential pension changes,” S&P said in a news release.

“We also understand from the Norwegian government that it hasn't yet decided on the timing or process to initiate the demerger of the ANS subsidiary of Avinor, Avinor Flysikrings AS. This supports our current view of a very high likelihood of government support to Avinor if needed.”

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