...May 5, 2022 STOCKHOLM (S&P Global Ratings) May 5, 2022--S&P Global Ratings today assigned its '###' long-term issue rating to the proposed senior unsecured notes to be issued by Norwegian oil and gas company Vsr Energi AS. The rating on the notes is subject to our review of the final issuance documentation. The company will use the net proceeds from the issuance to repay part of the outstanding amount on its bridge facility maturing in 2023. The transaction, which is already taken into account in our preliminary '###' long-term issuer credit rating on Vsr Energi, will allow the company to maintain strong liquidity and extend its debt maturity profile. The company is currently benefitting from high oil and gas prices, allowing to raise dividends ($1 billion in 2022). However, it still adheres to conservative financial policies that should support gradual deleveraging. After 2022, the company intends to distribute 20%-30% of cash flows from operations after tax. We currently anticipate increasing...
