Nordic Credit Rating (NCR) said today that it has assigned a "BBB" long-term
issuer credit rating to Lerøy Seafood ASA with a stable outlook.
NCR states "The rating reflects Lerøy Seafood Group ASA relatively strong market
position in the profitable salmon farming industry. It also reflects the breadth
of its operations as a fully integrated seafood producer with significant
wildcatch, processing and distribution capabilities. It further reflects the
company's moderate financial leverage and strong cash flow, which will allow it
to maintain a high level of investment, if necessary, to keep up with
technological developments and create revenue growth."
The credit reports from Nordic Credit Rating can be found here:
?https://nordiccreditrating.com/issuer/leroy
(https://urldefense.proofpoint.com/v2/url?u=https-
3A__nordiccreditrating.com_issuer_lery-2Dseafood-2Dgroup-2Dasa&d=DwMFAw&c=0Ar8T0
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(https://urldefense.proofpoint.com/v2/url?u=https-
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WwMU1nneZvsKxA_nn0zlzWZrbk-Q5VShEQSQE&r=OD4kNmSA74o2pGsrO7GTG5Bz-
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iTta-90Fl7YijZOMiDepdU3rfCikww&e=)?
For queries, please contact:
Sjur S. Malm, CFO Lerøy Seafood Group, +47 41 77 20 20
This stock exchange announcement was published by Hans Ljøen, Treasury &
Investor Relations, on 2nd July at 13:10 CET.
About Lerøy Seafood Group ASA
Lerøy Seafood Group ASA is a global seafood corporation with its head office in
Bergen. The Group's approx. 5,000 employees handles between 350,000 and 400,000
tonnes of seafood every year through our value chain, corresponding to around 5
million meals every day. The Group has a vertically integrated value chain for
redfish and whitefish, and significant activities using third-party products.
The Group's values - open, honest, responsible and creative - shall represent
the very foundations of everything we do, and we work hard to achieve our goal
of creating the world's most efficient and sustainable value chain for seafood.