OSLO, Norway, Feb. 7, 2025 /PRNewswire/ -- Scope has announced that they put Elkem's BBB- issuer rating under review for a possible upgrade.

According to Scope, the rating action follows Elkem's announcement of a strategic review of its Silicones division. Scope will closely monitor developments in Elkem's strategic review of the Silicones business.

The rating report from Scope is attached.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com

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

About Elkem

Elkem is one of the world's leading providers of advanced silicon-based materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,400 people has a joint commitment to stakeholders: Delivering your potential. In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on the Oslo Stock Exchange (ticker: ELK), where the company is also included in the ESG Index. www.elkem.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/elkem/r/scope-puts-the-bbb--issuer-rating-of-elkem-under-review-for-a-possible-upgrade,c4102653

The following files are available for download:


     
     https://mb.cision.com/Public/16930/4102653/81067d2f06d98305.pdf Scope Ratings ELKEM RAR 2025
                                                                         Feb

View original content:https://www.prnewswire.co.uk/news-releases/scope-puts-the-bbb--issuer-rating-of-elkem-under-review-for-a-possible-upgrade-302371433.html

Tags

More Like This

Elkem initiates strategic review of the Silicones division

Elkem ASA - Elkem enters exclusive sales process for Silicones division

Clarification regarding the conditional underwritten equity issue in Elkem

Elkem announces agreement to sell majority of Silicones division to Bluestar

Elkem: Fourth quarter 2025 - Impact of weak markets mitigated by cost improvements, sales agreement entered for Silicones division

Elkem: First quarter 2026 - Strategic transformation and strengthening financial resilience

Norwegian Ministry of Climate and Environment concludes in favour of Elkem in EU ETS free emission allowances allocation complaint

Elkem: Fourth quarter 2023 concludes a challenging year, signs of recovery