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Published on 11/8/2023 in the Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P rates Var Energi notes BB+

S&P said it assigned its BB+ issue rating to the 60-year junior subordinated hybrid securities to be issued by Var Energi ASA.

The rating is based on Var Energi’s BBB issuer rating. S&P said it then deducts a notch for subordination and another optional interest deferability.

The outlook is stable.


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