Scope affirms Elkem’s BBB- rating but assigns Negative Outlook

The latest announcement is out from Elkem ASA ( (ELKEF) ).

Elkem has had its issuer rating of BBB- affirmed by Scope Ratings, which also assigned a Negative Outlook, citing an unchanged financial risk profile but a weakened business risk profile. The outlook reflects weak expected results for 2025 and limited debt reduction from the sale of the Silicones business.

In response, Elkem reiterated its commitment to maintaining an investment-grade credit profile and said it is targeting further cost cuts and debt reductions to keep its financial metrics robust. The rating outcome underscores mounting pressure on the company’s earnings and balance sheet, and highlights the importance of its ongoing deleveraging and efficiency measures for investors and creditors.

The most recent analyst rating on (ELKEF) stock is a Buy with a NOK33.00 price target. To see the full list of analyst forecasts on Elkem ASA stock, see the ELKEF Stock Forecast page.

More about Elkem ASA

Elkem ASA is a global provider of advanced silicon-based materials used in silicones, silicon products and carbon solutions. Founded in 1904 and listed on the Oslo Stock Exchange under ticker ELK, the company focuses on combining natural raw materials and renewable energy, and is included in the exchange’s ESG Index for its sustainability performance.

Average Trading Volume: 1,435,239

Current Market Cap: NOK17.9B

See more data about ELKEF stock on TipRanks’ Stock Analysis page.