Entra

Capital/Financing Update • Jul 15, 2022

Moody's affirms Entra ASA Baa1 rating but changes the outlook from Stable to Negative

Moody's affirms Entra ASA Baa1 rating but changes the outlook from Stable to Negative

15.7.2022 23:00:00 CEST | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

The Moody's Investors Service ("Moody's") has on 15 July 2022 affirmed Entra´s

Baa1 long-term issuer rating but changed the outlook from Stable to Negative.

With the acquisition of Oslo Areal in January, Entra increased financial

leverage slightly above the trigger points communicated for a Baa1 rating. Entra

was given a 15-18 months grace period to bring the key financial indicators in

line with Moody's requirements. Given the recent turmoil in the financial

markets with a negative macro and interest rate environment, the changed outlook

is not surprising.

Entra has one of the best ratings in the sector, operating in a strong Norwegian

economy with a high-quality portfolio of modern, flexible and environmentally

friendly office assets located in attractive clusters near public transportation

hubs in the largest Norwegian cities, and a solid tenant base with long lease

contracts.

Entra is committed to maintain a strong operating and financial profile, also

going forward.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Anders Olstad, CFO, +47 900 22 559, ao@entra.no

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/16126567/1619/2197/Download%20announcement

%20as%20PDF.pdf