Orkla ASA - A–/Stable rating from Scope affirmed

Scope Ratings GmbH has affirmed the issuer rating of A-/Stable to Orkla ASA.  The same rating is also assigned to the company’s senior unsecured debt.

The rating reflects Orkla’s good competitive positioning in the Nordics, business diversification and still strong financial metrics offset rising inflation pressures and indebtedness.

Scope’s new rating report is enclosed.

Orkla ASA

Oslo, 11 January 2023

Ref.:

Senior Vice President Group Treasury

Geir Solli

Tel.: +47 995 42 789

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act