By telephone from outside the United States: © 2020 Moody's Investors Service, Inc., Moody’s Analytics, Inc. and/or their affiliates and licensors. Equinor has been a regular bond issuer and Equinor’s current long-term ratings are AA- and Aa2 from S&P and Moody’s, respectively. Please reduce your list by using the filtering tool to the left. (1) Page 79 (net debt to capital employed adjusted)
Dial the AT&T Direct Dial Access® code for, We brought you to this page based on your search query. The Rating Outlook is Stable. The company continuously looks to expand the portfolio of programmes, if relevant from a diversification and pricing point of view. The maximum number of items you can export is 3,000. Ratings on over 170,000 corporate, government and structured finance securities. Click 'Submit' to go to the site home page or close this dialog to continue in the site. (3) Page 157 6The rating history for this credit rating accurately reflects the current status of the (sf) indicator but, due to technical limitations, does not accurately reflect the (sf) indicator history. The EMTN Programme was last updated 13 may 2020. The EMTN programme We use cookies to provide the best possible experience for you. Manager Finance, Head of Corporate Financing & Analysis, Principal Analyst Finance, Corporate Financing & Analysis, CEO Eldar Sætre speaks about the name change, Equinor Energy AS, Articles of association. The Programme ensures Equinor access to non-US markets and is a good complement to the US Shelf Registration. (4) Page 273. Bond issuances, as a main rule, are centralized at the corporate level. Equinor had the option to further extend the maturity twice by one additional year. Average years to maturity = 9.7 years as of 28 May 2020. *Exchange rates as fixed by Norges Bank 31.12.2017. As co-obligor, Equinor Energy AS assumes and agrees to perform, jointly and severally with Equinor ASA, all payments and covenant obligations for this debt. Descriptive frameworks underlying Moody's ratings. The rating history for this credit rating accurately reflects the current status of the (sf) indicator but, due to technical limitations, does not accurately reflect the (sf) indicator history. Equinor has a multicurrency revolving credit facility of USD 5 billion, including USD 3 billion «swing line» (same day value) option. Please visit the Research tab to view the press release(s) announcing when the (sf) indicator was added or removed. On this site Equinor post the most current (last 12 months) debt investor presentations in PDF format. (Equivalent in USD) Updated 29.05.2020. Both extension options have been exercised and the validity of the facility is now 24 June 2022. Bonds are normally issued at fixed rates in a variety of currencies.
Fitch Ratings - London - 24 Sep 2020: Fitch Ratings has assigned Norway-based Aker BP ASA's (BBB-/Stable) upcoming dollar-denominated notes an expected senior unsecured rating of 'BBB-(EXP)'. The EMTN Programme was established in 1997 and is listed on the London Stock Exchange. Equinor has credit ratings from Moody's and Standard and Poor’s and the stated objective is to have credit ratings at least within the single A category on a stand-alone basis. Information about training seminars, briefings, and teleconferences. If this isn't what you are looking for, you can. The USCP program is used for shorter maturities (up to 364 days), while the EMTN Programme and the US Shelf Registration mainly are used for longer maturities. Equinor Energy AS is co-obligor or guarantor of existing debt securities and other loan arrangements of Equinor ASA. Click 'Submit' to go to the home page or close this dialog to continue in . Long-term funding is raised when we identify a need for such financing based on our business activities and cash-flows or to pre-fund when market conditions are considered favourable. This rating ensures necessary predictability when it comes to funding access to relevant capital markets at favorable terms and conditions. A strong credit rating is important to Equinor in order to ensure necessary financial flexibility to support a dynamic strategy through economic and market cycles. The table shows Equinor's larger outstanding bond issuances (sorted by maturity): As of 28 May 2020 the total remaining long-term bond debt is USD 31.8 billion and split as follows: Source/Detailed information: 2019 Annual Report on form 20-F Equinor's debt strategy is to support the overall financial flexibility of the group and ensuring competitive terms and conditions on long-term debt.
Equinor has established the following debt programmes to ensure financial flexibility across markets and maturities. The registration statement is the base prospectus and will be updated with prospectus supplements for any subsequent debt offerings. The graph below shows the maturity profile of bonds outstanding as of 28 May 2020, Total long-term bond debt: USD 31.8 billion By closing this message you agree to our use of cookies. By issuing both fixed and floating interest rate debt, Equinor’s funding sources become more diversified through reaching a broader spectrum of bond investors. Equinor has credit ratings from Moody's and Standard and Poor’s and the stated objective is to have credit ratings at least within the single A category on a stand-alone basis. Please visit the Research tab to view the press release(s) announcing when the (sf) indicator was added or removed. Fitch Ratings - Chicago - 01 Apr 2020: Fitch Ratings has affirmed the Long-Term Issuer Default Rating for Microsoft Corp. at 'AA+'. Equinor’s first-quarter cash dividend will be $0.09, down from $0.27 in the final quarter of 2020, it said. The registration statement is a filing with the Securities and Exchange Commission in the U.S and it permits multiple public debt offerings without having a separate prospectus for each offering. Learn more here. Bond issuances* 2011 - 2020 per currency For credit ratings that are derived exclusively from an existing credit rating of a program, … Fitch's affirmation affects $70 billion of debt. Annual redemptions will normally not exceed 5% of capital employed (as of 31 March 2020 equivalent to about USD 2,5 billion) in each of the next five years.
The page '' is not available in the site. The page '' is not available in language. To limit the refinancing risk, Equinor will seek to maintain a smooth maturity profile with a high “Average Year To Maturity” (9,7 years as of 28 May 2020). Equinor ASA: Update post affirmation with negative outlook, Moody's changes Equinor's outlook to negative, affirms Aa2 rating, Equinor ASA: Update following 2019 results, Moody's announces completion of a periodic review of ratings of Equinor ASA, Equinor ASA: Key Facts and Statistics - LTM September 2019, Equinor ASA: Update following H1 2019 results, Equinor ASA: Key Facts and Statistics - 9M September 2018, Equinor ASA: Upgrade to Aa2 driven by improved financial profile as a result of cost reduction and oil prices recovery, Moody's upgrade Equinor's rating to Aa2 and BCA to a1; stable outlook, Statoil ASA: Higher oil prices and strong cost control enables Statoil to sustain improved credit profile in 2018, Statoil ASA: Key Facts and Statistics - 9M September 2017, Statoil ASA: Growth and cost cuts drive recovery in credit profile in 2017, Statoil ASA: Reduced CAPEX keeps Statoil’s financial metrics in line with ratings expectations for 2016, Moody's: More than 50% of Nordic companies rated investment grade versus 25% for European peers, Moody's: Nordic corporate bond issuance will fall for fourth consecutive year in 2016, Moody's downgrades Statoil's rating to Aa3 and BCA to a2; stable outlook, Moody's reviews four European energy companies and related entities for downgrade, Songa's Equity Issuance and Credit Facility Amendments Are Credit Positive, Moody's Disclosures on Credit Ratings of Statoil ASA, Moody's comments on Statoil acquisition of Brigham, Annual Industry Outlook: Global Integrated Oil and Gas Industry: Elevated Crude Oil Prices and Asset Disposals Support Investment Efforts, Moody's comments on StatoilHydro's corporate legal restructuring; No rating impact, Moody's comments on StatoilHydro's Peregrino project acquisition; No rating action, Moody's comments on Norsk Hydro bonds assumed by StatoilHydro, Moody's comments on Statoil's Canadian acquisition, Moody's Adjustments to Statoil's Accounts, Moody's says Statoil's ratings not affected by planned acquisitions, Statoil's Ratings not affected by Acquisition, MOODY'S ANNOUNCES RATING IMPACT OF 'GRI' METHODOLOGY FOR CORPORATE ISSUERS IN EMEA REGION, MOODY'S COMMENTS ON STATOIL'S ENCANA GULF OF MEXICO ASSETS ACQUISITION, MOODY'S TO EXAMINE RATINGS ON VARIOUS GOVERNMENT-RELATED ISSUERS IN CONNECTION WITH THE INTRODUCTION OF JOINT-DEFAULT ANALYSIS, MOODY'S REPORTS: WEST EUROPEAN OIL RATINGS TO BE DRIVEN BY BUOYANT OIL PRICE AND SHAREHOLDER RETURNS IN 2005; RUSSIAN RATINGS TO BENEFIT FROM IMPROVING FUNDAMENTALS, BUT GEOPOLITICAL RISK MAY CONSTRAIN PRIVATE SECTOR, Moody's affirms Statoil's A1 rating following its announcement to acquire partial interest in BP's Algerian assets.
Occasionally project financing or direct funding can be done at subsidiary level. The base prospectus is updated every third year. Password is case sensitive. The Short-Term Issuer Default Rating has been affirmed at 'F1+'.
(Current corporate rating includes one notch uplift from Standard & Poor’s and two notch uplift from Moody’s). Please log in for full access to your permissions. Equinor is an energy company with more than 21,000 employees developing oil, gas, wind and solar energy in more than 30 countries.
Normally the parent company, Equinor ASA, incurs the external debt and then extends loans or equity to wholly owned subsidiaries to fund capital requirements within the group. The notes will rank pari passu with Aker BP's existing bonds and USD4 billion revolving credit … *Issuance activity under US Shelf, EMTN and separate documentation. The Programme has a limit of EUR 20 billion.
Listings of issuers under review for rating changes.
Access to a well-diversified investor base (geographical, maturity and type).