Aker ASA: Assigned Investment Grade Rating
Scope Ratings has assigned an investment grade rating of BBB-/Stable to Aker ASA. Scope has further assigned a first-time rating of BBB- to Aker's senior unsecured debt and an S-2 short-term rating.In the rating report Scope notes that the rating is driven by Aker's low leverage and its controlled cost coverage, balancing cash inflow and outflows, in addition to that the liquidity of Aker's assets further benefits the rating. We see this rating as a recognition of Aker's resilient financial performance and as a means of strengthening our position in the credit markets going forward.