TOMRA: Scope downgrades credit rating from A- to BBB+
Scope Ratings has today announced a one-notch downgrade of TOMRA System ASA’s credit rating from A- to BBB+ with a stable outlook, which according to the rating agency reflects higher leverage driven by debt-funded acquisitions and weaker cash flow, amid challenging market conditions in the Recycling division. The rating change aligns with TOMRA’s target of maintaining an investment grade capital structure, which the company remains committed to. More information about TOMRA’s debt financing is available on https://www.tomra.com/investor-relations/share-information/debt-financing