Nordic Credit Rating (NCR) said today that it had affirmed its 'BBB-' long-term issuer rating onNordic Semiconductor ASA . The outlook is stable. The 'N3' short-term issuer and 'BBB-' senior unsecured issue ratings were also affirmed. The stable outlook reflects NCR's view that demand forNordic Semiconductor's chips is likely to recover in the broader market after a period of inventory adjustments among customers and that revenue visibility will remain in line with pre-pandemic conditions. This is likely to lead to a rebound in free operating cash flow and stabilization of the company's low financial leverage with a continued net cash position. The stable outlook also reflects the company's increased efforts to reduce inventory and the normalization of supply chains. Full credit report available at: https://nordiccreditrating.com/ For further information, please contact:Pål Elstad , CFO Nordic Semiconductor ASA Phone: +47 991 66 293 Email: pal.elstad@nordicsemi.no This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Thisstock exchange announcement was published byPål Elstad , CFO, onJune 17, 2024 at09:20 CEST
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