NPRO: Moody's assigns rating Baa2 with Stable Outlook
2026-09-04 12:57:39
Norwegian Property ASA ("NPRO") has received an issuer rating of Baa2 with
Stable Outlook from Moody's Ratings. Moody's expects to assign a Baa1 senior
secured debt rating to secured issuance with LTV not exceeding 65%. The outlook
is stable.
The rating reflects Norwegian Property's high-quality office portfolio, strong
market position in the Oslo office market, solid operating performance track
record and good rental growth, as well as strong and supportive owners. The
stable outlook reflects Moody's expectation that the Company will maintain
credit metrics consistent with the assigned rating over time.
"We are very pleased to receive a Baa2 rating with a Stable Outlook from
Moody's. The rating reflects the quality of our portfolio, our sound financial
policy and the continued strength of our operating platform. We believe the
rating will support our ongoing funding efforts and provide increased financial
flexibility going forward," says Haavard Rønning, Interim CEO and CFO of
Norwegian Property ASA.
For additional information regarding the rating, reference is made to Moody's
rating report.
For further information, please contact:
Haavard Rønning, Interim CEO and CFO
Tel: +(47) 400 20 019
E-mail: hr@npro.no
Norwegian Property is a focused and fully integrated office property company
with properties located mainly in the Oslo area in Norway. The portfolio is
characterized by central location and attractive premises with high quality
tenants. The group's properties consist largely of office premises, associated
warehousing and car parking, as well as retail and catering space. The company
has identified four value drivers for long-term value creation; Marketing &
letting, Property management, Property development and Transactions & finance.
www.npro.no
elopment and Transactions & finance.\
www.npro.no\