Entra - Capital/Financing Update 2022

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, [email protected]

ATTACHMENTS

Download announcement as PDF.pdf -

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

%20as%20PDF.pdf

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