Moody’s shifts Equinor view to stable

Moody’s Investors Service said it revised Equinor ASA’s outlook to stable from negative and affirmed its Aa2 ratings.

"Stabilizing the outlook on Equinor's ratings reflects our expectation that the company's earnings and financial profile will recover to the levels required for the Aa2 rating in 2021. In addition to improving market conditions and the support provided by the temporary changes to the Norwegian petroleum tax regime, Equinor's measures to protect its cash flow generation and balance sheet initiated in 2020 support a sustainable recovery of its credit metrics over the next 12-18 months," said Sven Reinke, a Moody's senior vice president, in a press release.

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