Statnett co-ordinates supply and demand, and owns large sections of the main Norwegian power grid.

Statnetts long term credit rating is upgraded

The credit rating of Statnett upgraded by Standard & Poor’s due to a change in methodology.

Standard & Poor's revised its methodology for rating government related entities on June 29, 2009. As a result Statnetts long term credit rating is upgraded from A+ to AA. The new rating methodology contains a more granular and transparent evaluation of the expected state support for this category of companies.