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Norske Skog Rating Downgraded to Caa1

Lysaker, Norway, 08 August 2011 -- The rating company Moody's has today downgraded Norske Skogindustrier ASA from B2 to Caa1 on the corporate family rating (CFR), and the probability of default rating from B3 to Caa1. Moody's also has downgraded the rating for the group's outstanding bonds to Caa1.

The outlook on the ratings remains negative.


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