The revision by BofA Securities comes as Orsted shifts its focus towards the completion of ongoing projects and improving its capital structure to sustain a robust investment grade credit rating.
The new CEO earlier in February slashed investment plans by 25% and further reduced Orsted’s renewable energy targets to underpin a capital structure able to support “a solid investment grade credit ...
We confirm our DKK 460 fair value estimate for no-moat Orsted after attending a breakfast ... its strong willingness to keep an investment-grade rating while ruling out a rights issue given ...
Cicero Shades of Green gave the bond a 'Dark Green' rating, its highest shading. It noted that Orsted has in place sound management and governance structures that support the implementation of its ...