Moody's downgrades Norske Skog to Caa1

The rating company Moody's has today downgraded from B2 to Caa1 on the corporate family rating (CFR) of Norske Skogindustrier ASA as well as the probability of default rating from B3 to Caa1. Concurrently, Moody's has also downgraded the rating for the group's outstanding bonds to Caa1.

The outlook on the ratings remains negative.

The press release from Moody's is attached.

Oxenøen, 8 August 2011

Norske Skog
Investor relations

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

Press release