In an effort to save costs and reduce the administrative burden, Axactor today announces the cancellation of its credit rating agreement with Moody’s Investors Service.
As Axactor’s latest bond offerings have been smaller in size and directed more towards Nordic based investors, the perceived investor demand for a corporate family rating has been reduced. As the credit rating subscriptions are costly and time consuming to maintain, Axactor has consequently decided to cancel one of its two credit rating subscriptions. Axactor will retain its rating subscription with S&P Global, and as such remain a rated company.
For additional information, please contact: Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461 E-mail: johnny.tsolis@axactor.com
To learn more about Axactor, visit www.axactor.com